# PPP loan: ACTS FLEET MAINTENANCE SERVICES, INC.
> **$242K** approved 04/11/2020 · Paid in Full · Loan `3505337107`
## Borrower
- **Name:** ACTS FLEET MAINTENANCE SERVICES, INC.
- **Address:** 10625 Lexington Drive, KNOXVILLE, TN, 37932-3214
- **NAICS:** 482111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $218K
- **Rent:** $12K
- **Utilities:** $12K
- **Jobs reported:** 37
## 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*