ADVANCED ENERGY ENGINEERING & DESIGN INC (TN) - 2020 PPP Loan Borrower Profile (# 5355937102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED ENERGY ENGINEERING & DESIGN 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

5355937102

SBA Office Code

0474

Processing Method

PPP

Curent Loan Amount

$265,982

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$268,582.71

Date Loan was Forgiven

Apr 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,000

Payroll Proced

225,982

Rent Proceed

6,000

Health Care Proceed

26,000

Debt Interest Proceed

5,000

Lender

First Horizon Bank

Business Detail

Business Type

Corporation

NAICS

541330

Borrower Location

CHATTANOOGA, TN

Project Location

CHATTANOOGA, TN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.