ABLE INDUSTRIES INC. (TN) - 2020 PPP Loan Borrower Profile (# 8308947204)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABLE INDUSTRIES INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Tennessee.

Loan Detail

Loan Number

8308947204

SBA Office Code

0474

Processing Method

PPP

Curent Loan Amount

$51,956

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$52,325.46

Date Loan was Forgiven

Jan 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

51,956

Lender

First-Citizens National Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

332312

Borrower Location

UNION CITY, TN

Project Location

UNION CITY, TN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.