# PPP loan: MEMPHIS TEACHER RESIDENCY
> **$430K** approved 01/31/2021 · Paid in Full · Loan `1027368401`
## Borrower
- **Name:** MEMPHIS TEACHER RESIDENCY
- **Address:** 1350 Concourse Ave Ste 366, Memphis, TN, 38104-2024
- **NAICS:** 611699
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $430K
- **Initial approval:** $430K
- **Forgiven:** $432K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $430K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*