# PPP loan: CLASSIC AMERICAN HARDWOODS, INC.
> **$526K** approved 04/07/2020 · Paid in Full · Loan `6685587003`
## Borrower
- **Name:** CLASSIC AMERICAN HARDWOODS, INC.
- **Address:** 1245 N 7th St, MEMPHIS, TN, 38107-1745
- **NAICS:** 423310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $526K
- **Initial approval:** $526K
- **Forgiven:** $530K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Rent:** $30K
- **Utilities:** $52K
- **Health care:** $24K
- **Jobs reported:** 48
## 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*