# PPP loan: HYPERTECH VEHICULAR PERFORMANCE, INC
> **$487K** approved 04/08/2020 · Paid in Full · Loan `8788867006`
## Borrower
- **Name:** HYPERTECH VEHICULAR PERFORMANCE, INC
- **Address:** 3215 APPLING RD, BARTLETT, TN, 38133-3999
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $492K (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Rent:** $40K
- **Mortgage interest:** $10K
- **Utilities:** $6K
- **Health care:** $59K
- **Jobs reported:** 32
## 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*