# PPP loan: BAMA CLIPS INC
> **$432K** approved 02/19/2021 · Paid in Full · Loan `1487808501`
## Borrower
- **Name:** BAMA CLIPS INC
- **Address:** 2802 Callodon Pl SE, Owens Cross Roads, AL, 35763-8752
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $432K
- **Initial approval:** $432K
- **Forgiven:** $436K (101%)
- **Forgiveness date:** 12/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $432K
- **Utilities:** $1
- **Jobs reported:** 82
## Lender
- **Originating:** Redstone FCU
- **Servicing:** Redstone FCU (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*