# PPP loan: MCKAY BOOKS INCORPORATED
> **$1.59M** approved 01/25/2021 · Paid in Full · Loan `5404928310`
## Borrower
- **Name:** MCKAY BOOKS INCORPORATED
- **Address:** 7734 Lee Hwy, Chattanooga, TN, 37421-1028
- **NAICS:** 451211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.59M
- **Initial approval:** $1.59M
- **Forgiven:** $1.60M (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.59M
- **Utilities:** $1
- **Jobs reported:** 174
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*