# PPP loan: CLASS PAY INC
> **$221K** approved 04/13/2020 · Paid in Full · Loan `4841797109`
## Borrower
- **Name:** CLASS PAY INC
- **Address:** 1602 JP HENNESSEY DR, LAVERGNE, TN, 37086-3523
- **NAICS:** 484210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $771K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Mortgage interest:** $45K
- **Utilities:** $10K
- **Jobs reported:** 31
## Lender
- **Originating:** Volunteer State Bank
- **Servicing:** Volunteer State Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*