# PPP loan: MEMPHIS IN MAY INTERNATIONAL FESTIVAL INC
> **$355K** approved 04/08/2020 · Paid in Full · Loan `8768547007`
## Borrower
- **Name:** MEMPHIS IN MAY INTERNATIONAL FESTIVAL INC
- **Address:** 56 South Front Street, MEMPHIS, TN, 38103-2435
- **NAICS:** 713990
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $355K
- **Initial approval:** $355K
- **Forgiven:** $359K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $290K
- **Mortgage interest:** $20K
- **Utilities:** $45K
- **Jobs reported:** 103
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*