# PPP loan: CAPELLI INC.
> **$233K** approved 02/07/2021 · Paid in Full · Loan `5031768404`
## Borrower
- **Name:** CAPELLI INC.
- **Address:** 4615 Poplar Ave Ste 7, Memphis, TN, 38117-4400
- **NAICS:** 812112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $233K
- **Utilities:** $1
- **Jobs reported:** 27
## 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*