# PPP loan: WILLIAM T PAYNE
> **$329K** approved 03/25/2021 · Paid in Full · Loan `8985998604`
## Borrower
- **Name:** WILLIAM T PAYNE
- **Address:** 111 Cedar Ln, Chattanooga, TN, 37421-3581
- **NAICS:** 238320
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $329K
- **Initial approval:** $329K
- **Forgiven:** $331K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $329K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*