# PPP loan: SHAFER INSURANCE AGENCY, INC.
> **$621K** approved 04/10/2020 · Paid in Full · Loan `1722557100`
## Borrower
- **Name:** SHAFER INSURANCE AGENCY, INC.
- **Address:** 1100 Marion St. Suite 200, KNOXVILLE, TN, 37921-6854
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $621K
- **Initial approval:** $621K
- **Forgiven:** $629K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $592K
- **Mortgage interest:** $29K
- **Jobs reported:** 35
## 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*