# PPP loan: PONDER & CO., INC.
> **$632K** approved 04/07/2020 · Paid in Full · Loan `6492907007`
## Borrower
- **Name:** PONDER & CO., INC.
- **Address:** 165 Madison Ave, MEMPHIS, TN, 38103-2723
- **NAICS:** 523930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $632K
- **Initial approval:** $632K
- **Forgiven:** $604K (96%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $632K
- **Jobs reported:** 32
## 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*