# PPP loan: ARMSTRONG TRANSFER & STORAGE CO INC - ARMSTONG RELOCATION CO
> **$1.48M** approved 04/27/2020 · Paid in Full · Loan `5480587201`
## Borrower
- **Name:** ARMSTRONG TRANSFER & STORAGE CO INC - ARMSTONG RELOCATION CO
- **Address:** 3927 Winchester Road, MEMPHIS, TN, 38118-4935
- **NAICS:** 484210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.26M
- **Rent:** $148K
- **Utilities:** $74K
- **Jobs reported:** 98
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*