# PPP loan: CROSSTOWN ARTS
> **$510K** approved 04/08/2020 · Paid in Full · Loan `8256057009`
## Borrower
- **Name:** CROSSTOWN ARTS
- **Address:** 1350 CONCOURSE AVE Suite 280, MEMPHIS, TN, 38104-2010
- **NAICS:** 813219
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $514K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $386K
- **Rent:** $108K
- **Utilities:** $16K
- **Jobs reported:** 49
## 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*