# PPP loan: MEMPHIS ELECTRIC COMPANY, LLC
> **$440K** approved 04/07/2020 · Paid in Full · Loan `7348067004`
## Borrower
- **Name:** MEMPHIS ELECTRIC COMPANY, LLC
- **Address:** 2057 Fletcher Creek Drive, MEMPHIS, TN, 38133-7059
- **NAICS:** 423610
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $440K
- **Initial approval:** $440K
- **Forgiven:** $443K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $440K
- **Jobs reported:** 33
## Lender
- **Originating:** Renasant Bank
- **Servicing:** Renasant Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*