# PPP loan: POWER MANAGEMENT CORPORATION
> **$385K** approved 04/08/2020 · Paid in Full · Loan `8782047006`
## Borrower
- **Name:** POWER MANAGEMENT CORPORATION
- **Address:** 60 MUSIC SQUARE EAST SUITE 300, NASHVILLE, TN, 37203-3208
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $385K
- **Forgiven:** $389K (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $305K
- **Rent:** $59K
- **Health care:** $21K
- **Jobs reported:** 21
## 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*