# PPP loan: NEW BALLET ENSEMBLE AND SCHOOL INC
> **$170K** approved 04/11/2020 · Paid in Full · Loan `3271017101`
## Borrower
- **Name:** NEW BALLET ENSEMBLE AND SCHOOL INC
- **Address:** 2157 YORK AVE, MEMPHIS, TN, 38104-5545
- **NAICS:** 711120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Mortgage interest:** $1K
- **Utilities:** $4K
- **Jobs reported:** 27
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*