# PPP loan: MEMPHIS TRAILER SERVICE
> **$205K** approved 04/13/2020 · Paid in Full · Loan `4964057110`
## Borrower
- **Name:** MEMPHIS TRAILER SERVICE
- **Address:** 5164 MALONE RD, MEMPHIS, TN, 38118-7714
- **NAICS:** 488490
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Rent:** $10K
- **Utilities:** $8K
- **Health care:** $17K
- **Debt interest:** $5K
- **Jobs reported:** 16
## Lender
- **Originating:** BankPlus
- **Servicing:** BankPlus (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*