# PPP loan: HOMETOWN FOLKS LLC
> **$2.38M** approved 04/07/2020 · Paid in Full · Loan `7522247006`
## Borrower
- **Name:** HOMETOWN FOLKS LLC
- **Address:** 3093 BROAD ST, CHATTANOOGA, TN, 37408-3056
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.38M
- **Initial approval:** $2.38M
- **Forgiven:** $2.41M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.85M
- **Rent:** $350K
- **Utilities:** $126K
- **Health care:** $52K
- **Jobs reported:** 500
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*