# PPP loan: MEMPHIS COMMUNICATIONS CORPORATION
> **$1.37M** approved 02/25/2021 · Paid in Full · Loan `4346688502`
## Borrower
- **Name:** MEMPHIS COMMUNICATIONS CORPORATION
- **Address:** 4771 Summer Ave, Memphis, TN, 38122-4724
- **NAICS:** 532420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.37M
- **Jobs reported:** 120
## 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*