# PPP loan: CYPRESS NEW CO. LLC
> **$250K** approved 02/18/2021 · Exemption 4 · Loan `1008478502`
## Borrower
- **Name:** CYPRESS NEW CO. LLC
- **Address:** 1905 4th St, Northport, AL, 35476-5046
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $84K (34%)
- **Forgiveness date:** 07/25/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 145
## Lender
- **Originating:** SmartBank
- **Servicing:** SmartBank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*