# PPP loan: BUSINESS EQUIPMENT CENTER, INC.
> **$169K** approved 04/29/2020 · Paid in Full · Loan `1980257303`
## Borrower
- **Name:** BUSINESS EQUIPMENT CENTER, INC.
- **Address:** 2991 DIRECTORS ROW, MEMPHIS, TN, 38131
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Jobs reported:** 10
## 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*