# PPP loan: RIVERFRONT DEVELOPMENT INC
> **$390K** approved 04/07/2020 · Paid in Full · Loan `7620187005`
## Borrower
- **Name:** RIVERFRONT DEVELOPMENT INC
- **Address:** 22 N Front St Suite 960, MEMPHIS, TN, 38103-2045
- **NAICS:** 531190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Rent:** $13K
- **Utilities:** $65K
- **Jobs reported:** 23
## 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*