# PPP loan: KALB EQUIPMENT, INC
> **$160K** approved 04/08/2020 · Paid in Full · Loan `8253447002`
## Borrower
- **Name:** KALB EQUIPMENT, INC
- **Address:** 4900 Old Summer Ave, MEMPHIS, TN, 38122-4360
- **NAICS:** 444210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $145K
- **Utilities:** $10K
- **Debt interest:** $5K
- **Jobs reported:** 14
## 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*