# PPP loan: PRATERS INCORPORATED
> **$520K** approved 04/11/2020 · Paid in Full · Loan `3105047104`
## Borrower
- **Name:** PRATERS INCORPORATED
- **Address:** 2712 8TH AVE, CHATTANOOGA, TN, 37407-3616
- **NAICS:** 238330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $526K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $520K
- **Jobs reported:** 56
## Lender
- **Originating:** SmartBank
- **Servicing:** SmartBank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*