ACHESON FOUNDRY AND MACHINE WORKS INC (TN) - 2020 PPP Loan Borrower Profile (# 9550827108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACHESON FOUNDRY AND MACHINE WORKS 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

9550827108

SBA Office Code

0474

Processing Method

PPP

Curent Loan Amount

$180,512.5

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$184,283.21

Date Loan was Forgiven

May 24, 2022

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

180,512.5

Lender

First Horizon Bank

Business Detail

Business Type

Corporation

NAICS

331511

Borrower Location

CHATTANOOGA, TN

Project Location

CHATTANOOGA, TN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.