# PPP loan: HEALTH CARE INITIATIVE OF TN INC
> **$545K** approved 04/30/2020 · Paid in Full · Loan `7407717304`
## Borrower
- **Name:** HEALTH CARE INITIATIVE OF TN INC
- **Address:** 900 E WOODLAND AVE, KNOXVILLE, TN, 37917-4511
- **NAICS:** 621610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $545K
- **Initial approval:** $545K
- **Forgiven:** $548K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $409K
- **Rent:** $82K
- **Utilities:** $54K
- **Jobs reported:** 120
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*