# PPP loan: PRODUCTION SPECIALTIES INC.
> **$248K** approved 03/16/2021 · Paid in Full · Loan `3288838604`
## Borrower
- **Name:** PRODUCTION SPECIALTIES INC.
- **Address:** 1782 E Person Ave, Memphis, TN, 38114-3406
- **NAICS:** 335122
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Utilities:** $1
- **Jobs reported:** 10
## 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*