# PPP loan: MEMPHIS POOL SUPPLY, INC.
> **$507K** approved 04/07/2020 · Paid in Full · Loan `7663607000`
## Borrower
- **Name:** MEMPHIS POOL SUPPLY, INC.
- **Address:** 2762 Getwell Road, MEMPHIS, TN, 38118-1846
- **NAICS:** 453998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $507K
- **Initial approval:** $507K
- **Forgiven:** $514K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $406K
- **Rent:** $46K
- **Utilities:** $8K
- **Health care:** $41K
- **Debt interest:** $7K
- **Jobs reported:** 59
## 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*