# PPP loan: WHITEHEAD CONSTRUCTION  INC
> **$1.13M** approved 04/09/2020 · Exemption 4 · Loan `9724567005`
## Borrower
- **Name:** WHITEHEAD CONSTRUCTION  INC
- **Address:** 325 AY MCDONALD AVE, ELIZABETHTON, TN, 37643-6062
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.11M (99%)
- **Forgiveness date:** 03/01/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $973K
- **Utilities:** $108K
- **Health care:** $10K
- **Debt interest:** $34K
- **Jobs reported:** 60
## 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*