# PPP loan: BEALE STREET BLUES COMPANY, INC
> **$2.62M** approved 04/06/2020 · Paid in Full · Loan `6052207005`
## Borrower
- **Name:** BEALE STREET BLUES COMPANY, INC
- **Address:** 149 MONROE AVE, MEMPHIS, TN, 38103-2607
- **NAICS:** 722410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.62M
- **Initial approval:** $2.62M
- **Forgiven:** $1.53M (58%)
- **Forgiveness date:** 12/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.96M
- **Rent:** $327K
- **Utilities:** $167K
- **Health care:** $164K
- **Jobs reported:** 388
## Lender
- **Originating:** Insbank
- **Servicing:** Insbank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*