# PPP loan: PEARSON MANAGEMENT GROUP, INC.
> **$278K** approved 04/15/2020 · Paid in Full · Loan `1026047205`
## Borrower
- **Name:** PEARSON MANAGEMENT GROUP, INC.
- **Address:** 7145 HALCYON SUMMIT DR, MONTGOMERY, AL, 36117-6971
- **NAICS:** 111110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $281K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $267K
- **Rent:** $4K
- **Utilities:** $6K
- **Jobs reported:** 8
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*