# PPP loan: MERIDIAN TRUST & INVESTMENT COMPANY
> **$373K** approved 04/14/2020 · Paid in Full · Loan `5844797109`
## Borrower
- **Name:** MERIDIAN TRUST & INVESTMENT COMPANY
- **Address:** 109 S. Northshore Dr. Suite 400, KNOXVILLE, TN, 37919-4924
- **NAICS:** 523920
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Mortgage interest:** $70K
- **Utilities:** $23K
- **Jobs reported:** 17
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*