# PPP loan: PROMISE DEVELOPMENT CORPORATION
> **$154K** approved 04/14/2020 · Paid in Full · Loan `7539077108`
## Borrower
- **Name:** PROMISE DEVELOPMENT CORPORATION
- **Address:** 262 CHELSEA AVE, MEMPHIS, TN, 38107
- **NAICS:** 624229
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Jobs reported:** 23
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*