# PPP loan: BUSINESS MACHINES COMPANY OF EAST TENNESSEE, INC.
> **$342K** approved 04/06/2020 · Paid in Full · Loan `5828957000`
## Borrower
- **Name:** BUSINESS MACHINES COMPANY OF EAST TENNESSEE, INC.
- **Address:** 3132 Morris Avenue, KNOXVILLE, TN, 37909-1511
- **NAICS:** 532420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $345K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $342K
- **Jobs reported:** 31
## Lender
- **Originating:** Home Federal Bank of Tennessee
- **Servicing:** Home Federal Bank of Tennessee (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*