# PPP loan: STOVALL ENGINEERING CO
> **$262K** approved 01/16/2021 · Paid in Full · Loan `1180988308`
## Borrower
- **Name:** STOVALL ENGINEERING CO
- **Address:** 2165 Latham St, Memphis, TN, 38109-7703
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $262K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Patriot Bank
- **Servicing:** Patriot Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*