# PPP loan: EAST CHATTANOOGA LUMBER & SUPPLY COMPANY INC
> **$375K** approved 04/07/2020 · Paid in Full · Loan `7243237000`
## Borrower
- **Name:** EAST CHATTANOOGA LUMBER & SUPPLY COMPANY INC
- **Address:** 1609 ELMENDORF ST, CHATTANOOGA, TN, 37406-4008
- **NAICS:** 444190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $379K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $318K
- **Rent:** $37K
- **Utilities:** $5K
- **Health care:** $15K
- **Jobs reported:** 30
## 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*