# PPP loan: SMITH-PHILLIPS LUMBER COMPANY
> **$640K** approved 04/14/2020 · Paid in Full · Loan `6830767104`
## Borrower
- **Name:** SMITH-PHILLIPS LUMBER COMPANY
- **Address:** 603 EAST 17TH ST, WINSTON SALEM, NC, 27105-6171
- **NAICS:** 444190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $640K
- **Initial approval:** $640K
- **Forgiven:** $648K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $584K
- **Utilities:** $10K
- **Health care:** $40K
- **Debt interest:** $6K
- **Jobs reported:** 54
## 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*