# PPP loan: MEMPHIS COMMUNICATIONS CORPORATION
> **$1.30M** approved 04/08/2020 · Paid in Full · Loan `8359077007`
## Borrower
- **Name:** MEMPHIS COMMUNICATIONS CORPORATION
- **Address:** 4771 SUMMER AVE, MEMPHIS, TN, 38122-4724
- **NAICS:** 532420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Jobs reported:** 128
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*