# PPP loan: MORTGAGE INVESTORS GROUP INC
> **$6.16M** approved 04/09/2020 · Exemption 4 · Loan `1112127103`
## Borrower
- **Name:** MORTGAGE INVESTORS GROUP INC
- **Address:** 8320 E WALKER SPRINGS LN, KNOXVILLE, TN, 37923-3101
- **NAICS:** 522292
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.16M
- **Initial approval:** $6.16M
- **Forgiven:** $6.03M (98%)
- **Forgiveness date:** 04/07/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $5.81M
- **Rent:** $342K
- **Utilities:** $14K
- **Jobs reported:** 394
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*