# PPP loan: MEMPHIS EQUIPMENT COMPANY
> **$563K** approved 04/15/2020 · Paid in Full · Loan `8816577109`
## Borrower
- **Name:** MEMPHIS EQUIPMENT COMPANY
- **Address:** 766 South B B KING BLVD, MEMPHIS, TN, 38106-1798
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $567K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $563K
- **Jobs reported:** 40
## Lender
- **Originating:** Paragon Bank
- **Servicing:** Paragon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*