# PPP loan: AMERICAN PALLET CO OF TENNESSEE INC
> **$252K** approved 08/03/2020 · Paid in Full · Loan `2891138203`
## Borrower
- **Name:** AMERICAN PALLET CO OF TENNESSEE INC
- **Address:** 191 INDUSTRIAL DR, MARTIN, TN, 38237-9219
- **NAICS:** 321920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Utilities:** $11K
- **Jobs reported:** 97
## Lender
- **Originating:** INSOUTH Bank
- **Servicing:** INSOUTH Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*