# PPP loan: BRUCE MANAGEMENT AND SUBSIDIAIRIES
> **$1.67M** approved 04/15/2020 · Paid in Full · Loan `1576467207`
## Borrower
- **Name:** BRUCE MANAGEMENT AND SUBSIDIAIRIES
- **Address:** 1030 AIRPORT RD W, FORT PAYNE, AL, 35968-3322
- **NAICS:** 551112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.67M
- **Initial approval:** $1.67M
- **Forgiven:** $1.69M (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.29M
- **Rent:** $196K
- **Utilities:** $189K
- **Jobs reported:** 375
## Lender
- **Originating:** First Southern State Bank
- **Servicing:** First Southern State Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*