# PPP loan: JIM KERAS AUTOMOTIVE GROUP INC
> **$3.63M** approved 04/08/2020 · Paid in Full · Loan `8290097003`
## Borrower
- **Name:** JIM KERAS AUTOMOTIVE GROUP INC
- **Address:** 2000 Covington Pike, MEMPHIS, TN, 38128-6982
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.63M
- **Initial approval:** $3.63M
- **Forgiven:** $3.68M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.09M
- **Rent:** $339K
- **Utilities:** $70K
- **Health care:** $53K
- **Debt interest:** $83K
- **Jobs reported:** 322
## 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*