# PPP loan: WORLDWIDE EQUIPMENT OF TN, INC
> **$2.25M** approved 04/10/2020 · Paid in Full · Loan `2571387104`
## Borrower
- **Name:** WORLDWIDE EQUIPMENT OF TN, INC
- **Address:** 6614 Wilbanks Road 0.0, Knoxville, TN, 37912-1313
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.25M
- **Initial approval:** $2.25M
- **Forgiven:** $2.29M (102%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.80M
- **Rent:** $137K
- **Utilities:** $44K
- **Health care:** $268K
- **Jobs reported:** 202
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*