# PPP loan: ALLEN ELECTRIC COMPANY
> **$238K** approved 01/27/2021 · Paid in Full · Loan `6494568306`
## Borrower
- **Name:** ALLEN ELECTRIC COMPANY
- **Address:** 318 Collins St, Memphis, TN, 38112-3308
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 04/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $238K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** BankTennessee
- **Servicing:** BankTennessee (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*