# PPP loan: CONTEMPORARY MEDIA, INC.
> **$439K** approved 04/07/2020 · Paid in Full · Loan `7305517008`
## Borrower
- **Name:** CONTEMPORARY MEDIA, INC.
- **Address:** 65 UNION AVE Suite 200, MEMPHIS, TN, 38103-5113
- **NAICS:** 511120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $439K
- **Initial approval:** $439K
- **Forgiven:** $444K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $365K
- **Rent:** $26K
- **Utilities:** $2K
- **Health care:** $45K
- **Debt interest:** $2K
- **Jobs reported:** 35
## 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*