# PPP loan: 5 STEMS INC
> **$605K** approved 04/04/2020 · Exemption 4 · Loan `4891607009`
## Borrower
- **Name:** 5 STEMS INC
- **Address:** 1331 UNION AVE Suite 1000, MEMPHIS, TN, 38104-3512
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $605K
- **Initial approval:** $605K
- **Status:** Exemption 4
- **Term:** 5 months
## Use of funds
- **Payroll:** $605K
- **Jobs reported:** 39
## Lender
- **Originating:** Evolve Bank and Trust
- **Servicing:** Evolve Bank and Trust (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*