# PPP loan: ENGINEERED MECHANICAL SYSTEMS INC
> **$1.21M** approved 04/07/2020 · Paid in Full · Loan `6971267002`
## Borrower
- **Name:** ENGINEERED MECHANICAL SYSTEMS INC
- **Address:** 118 PARMENAS LANE, CHATTANOOGA, TN, 37405-2623
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.11M
- **Rent:** $34K
- **Utilities:** $47K
- **Debt interest:** $16K
- **Jobs reported:** 85
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*