# PPP loan: MITCHELL'S SERVICES INC
> **$425K** approved 04/15/2020 · Paid in Full · Loan `1496097203`
## Borrower
- **Name:** MITCHELL'S SERVICES INC
- **Address:** 123 11TH ST NW, HICKORY, NC, 28601-5964
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $338K
- **Mortgage interest:** $5K
- **Utilities:** $10K
- **Health care:** $72K
- **Jobs reported:** 33
## 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*