# PPP loan: MEMPHIS AREA LEGAL SERVICES, INC.
> **$557K** approved 04/14/2020 · Paid in Full · Loan `5871657108`
## Borrower
- **Name:** MEMPHIS AREA LEGAL SERVICES, INC.
- **Address:** 22 N Front St 1100, MEMPHIS, TN, 38103-2236
- **NAICS:** 541110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $557K
- **Initial approval:** $557K
- **Forgiven:** $564K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $454K
- **Rent:** $33K
- **Utilities:** $550
- **Health care:** $70K
- **Jobs reported:** 50
## 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*