ADVENT ELECTRIC, INCORPORATED (TN) - 2020 PPP Loan Borrower Profile (# 9105977000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVENT ELECTRIC, INCORPORATED. 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

9105977000

SBA Office Code

0474

Processing Method

PPP

Curent Loan Amount

$676,900

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$682,127.17

Date Loan was Forgiven

Jan 14, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

42,306

Payroll Proced

507,675

Mortgage Interest Proceed

126,919

Lender

Mountain Commerce Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

KNOXVILLE, TN

Project Location

KNOXVILLE, TN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.