# PPP loan: RALEIGH TIRE SERVICE, INC.
> **$669K** approved 04/07/2020 · Paid in Full · Loan `7359447006`
## Borrower
- **Name:** RALEIGH TIRE SERVICE, INC.
- **Address:** 5908 AIRLINE RD, ARLINGTON, TN, 38002-0018
- **NAICS:** 423130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $669K
- **Initial approval:** $669K
- **Forgiven:** $677K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $504K
- **Mortgage interest:** $150K
- **Utilities:** $15K
- **Jobs reported:** 61
## 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*