# PPP loan: SOUTHERN AUTO BODY SUPPLY
> **$181K** approved 04/08/2020 · Paid in Full · Loan `8618637004`
## Borrower
- **Name:** SOUTHERN AUTO BODY SUPPLY
- **Address:** 1458 MADISON STREET, CHATTANOOGA, TN, 37408-1421
- **NAICS:** 444120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $136K
- **Rent:** $21K
- **Utilities:** $9K
- **Health care:** $15K
- **Jobs reported:** 36
## 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*