# PPP loan: AMERICAN CLOTHING EXPRESS INC
> **$649K** approved 04/05/2020 · Paid in Full · Loan `5258557006`
## Borrower
- **Name:** AMERICAN CLOTHING EXPRESS INC
- **Address:** 3190 New Brunswick Rd, Bartlett, TN, 38133-4193
- **NAICS:** 315240
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $649K
- **Initial approval:** $649K
- **Forgiven:** $654K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $329K
- **Rent:** $100K
- **Mortgage interest:** $200K
- **Utilities:** $20K
- **Jobs reported:** 66
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*