# PPP loan: REES-MEMPHIS INC.
> **$346K** approved 02/12/2021 · Paid in Full · Loan `7487968402`
## Borrower
- **Name:** REES-MEMPHIS INC.
- **Address:** 2426 Channel Avenue, Memphis, TN, 38113
- **NAICS:** 333413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $349K (101%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $346K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Bank3
- **Servicing:** Bank3 (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*