# PPP loan: SMITH ENTERPRISES LLC
> **$197K** approved 04/08/2020 · Paid in Full · Loan `8497107001`
## Borrower
- **Name:** SMITH ENTERPRISES LLC
- **Address:** 2965 3RD ST, MEMPHIS, TN, 38109-2953
- **NAICS:** 441120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $147K
- **Rent:** $22K
- **Utilities:** $3K
- **Debt interest:** $25K
- **Jobs reported:** 19
## Lender
- **Originating:** INSOUTH Bank
- **Servicing:** INSOUTH Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*