# PPP loan: SOUTHERN COLLEGE OF OPTOMETRY
> **$4.09M** approved 04/08/2020 · Paid in Full · Loan `8057567006`
## Borrower
- **Name:** SOUTHERN COLLEGE OF OPTOMETRY
- **Address:** 1245 MADISON AVE, MEMPHIS, TN, 38104-2211
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.09M
- **Initial approval:** $4.09M
- **Forgiven:** $4.14M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $3.61M
- **Rent:** $38K
- **Utilities:** $70K
- **Health care:** $331K
- **Debt interest:** $40K
- **Jobs reported:** 223
## 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*