# PPP loan: NEW DIRECTION CHRISTIAN CHURCH
> **$287K** approved 04/08/2020 · Paid in Full · Loan `8311067005`
## Borrower
- **Name:** NEW DIRECTION CHRISTIAN CHURCH
- **Address:** 6120 WINCHESTER RD, MEMPHIS, TN, 38115-4014
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $289K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Rent:** $12K
- **Mortgage interest:** $40K
- **Utilities:** $8K
- **Jobs reported:** 35
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*