# PPP loan: STANDARD TAYLOR INDUSTRIES, INC.
> **$591K** approved 04/10/2020 · Paid in Full · Loan `1989647102`
## Borrower
- **Name:** STANDARD TAYLOR INDUSTRIES, INC.
- **Address:** 516 N MCDONOUGH ST, MONTGOMERY, AL, 36104-2645
- **NAICS:** 238160
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $591K
- **Initial approval:** $591K
- **Forgiven:** $596K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $562K
- **Rent:** $24K
- **Utilities:** $522
- **Debt interest:** $4K
- **Jobs reported:** 52
## 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*