# PPP loan: SOUTHWEST FAD, LLC
> **$294K** approved 04/10/2020 · Paid in Full · Loan `2442537105`
## Borrower
- **Name:** SOUTHWEST FAD, LLC
- **Address:** Southwest FAD, LLC, MEMPHIS, TN, 38118
- **NAICS:** 423120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $298K (102%)
- **Forgiveness date:** 10/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $217K
- **Rent:** $41K
- **Utilities:** $6K
- **Health care:** $29K
- **Jobs reported:** 24
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*