# PPP loan: DREXEL CHEMICAL COMPANY
> **$2.47M** approved 04/10/2020 · Paid in Full · Loan `2093017103`
## Borrower
- **Name:** DREXEL CHEMICAL COMPANY
- **Address:** 1700 Channel AVE, MEMPHIS, TN, 38106-1576
- **NAICS:** 325320
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.47M
- **Initial approval:** $2.47M
- **Forgiven:** $2.49M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.25M
- **Rent:** $20K
- **Utilities:** $200K
- **Jobs reported:** 246
## 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*