# PPP loan: THE WISE CO., INC.
> **$1.62M** approved 04/08/2020 · Paid in Full · Loan `8417387005`
## Borrower
- **Name:** THE WISE CO., INC.
- **Address:** 79 South Second Street, MEMPHIS, TN, 38103-3011
- **NAICS:** 337127
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.41M
- **Rent:** $4K
- **Utilities:** $80K
- **Health care:** $49K
- **Debt interest:** $75K
- **Jobs reported:** 196
## 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*