# PPP loan: GORHAM/SCHAFFLER INC.
> **$862K** approved 03/12/2021 · Paid in Full · Loan `9894868501`
## Borrower
- **Name:** GORHAM/SCHAFFLER INC.
- **Address:** 3095 Stonebrook Cir, Memphis, TN, 38116-1823
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $862K
- **Initial approval:** $862K
- **Forgiven:** $867K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $862K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** Guaranty Bank & Trust Company
- **Servicing:** Guaranty Bank & Trust Company (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*