# PPP loan: MEMPHIS 55, INC.
> **$201K** approved 04/14/2020 · Charged Off · Loan `5897537105`
## Borrower
- **Name:** MEMPHIS 55, INC.
- **Address:** 18605 Detroit Ave, LAKEWOOD, OH, 44107-3205
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $27K (14%)
- **Forgiveness date:** 08/12/2021
- **Status:** Charged Off
- **Term:** — months
## Use of funds
- **Payroll:** $201K
- **Jobs reported:** 30
## Lender
- **Originating:** CFBank National Association
- **Servicing:** CFBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*