# PPP loan: NORRIS & SON INC.
> **$420K** approved 04/27/2020 · Paid in Full · Loan `3992747206`
## Borrower
- **Name:** NORRIS & SON INC.
- **Address:** 4015 Calhoun Avenue, CHATTANOOGA, TN, 37407-2536
- **NAICS:** 327120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $361K
- **Health care:** $59K
- **Jobs reported:** 32
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*