AMERICA CARES TRUST (TN) - 2020 PPP Loan Borrower Profile (# 1887518202)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICA CARES TRUST. 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

1887518202

SBA Office Code

0474

Processing Method

PPP

Curent Loan Amount

$196,875

Date Loan was Approved

Jul 31, 2020

Amount Forgiven

Date Loan was Forgiven

Loan Status

Charged Off

Loan Term

40 Months

Payroll Proced

196,875

Lender

First Horizon Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

621999

Borrower Location

FAYETTEVILLE, TN

Project Location

FAYETTEVILLE, TN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.