# PPP loan: ARCHER MALMO, INC
> **$2.50M** approved 04/11/2020 · Paid in Full · Loan `3219097106`
## Borrower
- **Name:** ARCHER MALMO, INC
- **Address:** 65 UNION AVE STE 500, MEMPHIS, TN, 38103-5113
- **NAICS:** 541810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.50M
- **Initial approval:** $2.50M
- **Forgiven:** $2.52M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.50M
- **Jobs reported:** 146
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*