# PPP loan: BPI PACKAGING, LLC
> **$1.56M** approved 04/07/2020 · Paid in Full · Loan `6744837007`
## Borrower
- **Name:** BPI PACKAGING, LLC
- **Address:** 4050 New Getwell Road, MEMPHIS, TN, 38118-6017
- **NAICS:** 325998
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.29M
- **Rent:** $67K
- **Mortgage interest:** $40K
- **Utilities:** $111K
- **Debt interest:** $60K
- **Jobs reported:** 143
## 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*