# PPP loan: WELL CHILD INC
> **$1.41M** approved 03/13/2021 · Exemption 4 · Loan `2142598607`
## Borrower
- **Name:** WELL CHILD INC
- **Address:** 693 New York St, Memphis, TN, 38104-5537
- **NAICS:** 621999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $1.01M (72%)
- **Forgiveness date:** 06/30/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.41M
- **Utilities:** $1
- **Jobs reported:** 77
## 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*