# PPP loan: SEISMIC AUDIO SPEAKERS INC.
> **$150K** approved 04/07/2020 · Paid in Full · Loan `7646567010`
## Borrower
- **Name:** SEISMIC AUDIO SPEAKERS INC.
- **Address:** 4180 East Raines Rd, MEMPHIS, TN, 38119-6940
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $128K
- **Rent:** $15K
- **Utilities:** $7K
- **Jobs reported:** 10
## 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*