# PPP loan: VERSA-TUBE MFG. CO.
> **$913K** approved 04/07/2020 · Paid in Full · Loan `7476527005`
## Borrower
- **Name:** VERSA-TUBE MFG. CO.
- **Address:** 50 EASTLEY ST, COLLIERVILLE, TN, 38017-2736
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $913K
- **Initial approval:** $913K
- **Forgiven:** $919K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $853K
- **Rent:** $46K
- **Mortgage interest:** $9K
- **Utilities:** $5K
- **Jobs reported:** 79
## 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*