# PPP loan: CLAY AND LAND INSURANCE, INC.
> **$1.22M** approved 04/10/2020 · Paid in Full · Loan `1488187108`
## Borrower
- **Name:** CLAY AND LAND INSURANCE, INC.
- **Address:** 866 RIDGEWAY LOOP RD, MEMPHIS, TN, 38120-4000
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.22M
- **Jobs reported:** 92
## Lender
- **Originating:** Paragon Bank
- **Servicing:** Paragon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*