# PPP loan: ALL-RITE PLUMBING PARTS INC
> **$243K** approved 04/09/2020 · Paid in Full · Loan `9424027005`
## Borrower
- **Name:** ALL-RITE PLUMBING PARTS INC
- **Address:** 5070 SUMMER AVE, MEMPHIS, TN, 38122-4408
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Rent:** $13K
- **Mortgage interest:** $3K
- **Utilities:** $4K
- **Jobs reported:** 20
## Lender
- **Originating:** INSOUTH Bank
- **Servicing:** INSOUTH Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*