# PPP loan: MEDICAL EDUCATION ASSISTANCE CORPORATION
> **$4.90M** approved 04/08/2020 · Paid in Full · Loan `7865797009`
## Borrower
- **Name:** MEDICAL EDUCATION ASSISTANCE CORPORATION
- **Address:** 222 East Main Street, JOHNSON CITY, TN, 37604-5708
- **NAICS:** 621111
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.90M
- **Initial approval:** $4.90M
- **Forgiven:** $4.95M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 23 months
## Use of funds
- **Payroll:** $4.00M
- **Rent:** $100K
- **Utilities:** $296K
- **Health care:** $500K
- **Jobs reported:** 402
## 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*