# PPP loan: JAT OIL, INC.
> **$1.24M** approved 04/07/2020 · Paid in Full · Loan `6647487007`
## Borrower
- **Name:** JAT OIL, INC.
- **Address:** 600 West MAIN ST, CHATTANOOGA, TN, 37402-4701
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Rent:** $23K
- **Utilities:** $13K
- **Health care:** $63K
- **Debt interest:** $40K
- **Jobs reported:** 77
## 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*