# PPP loan: HOOVER FOODS INC
> **$2.21M** approved 04/08/2020 · Paid in Full · Loan `8692327003`
## Borrower
- **Name:** HOOVER FOODS INC
- **Address:** 4030 JOHNS CREEK PKWY, SUWANEE, GA, 30024-1254
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.21M
- **Initial approval:** $2.21M
- **Forgiven:** $2.24M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.77M
- **Rent:** $350K
- **Utilities:** $92K
- **Jobs reported:** 500
## 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*