# PPP loan: PROSPECT MINING AND DEVELOPMENT COMPANY, LLC
> **$481K** approved 04/15/2020 · Paid in Full · Loan `2172247209`
## Borrower
- **Name:** PROSPECT MINING AND DEVELOPMENT COMPANY, LLC
- **Address:** 2002 2nd Ave S, JASPER, AL, 35501
- **NAICS:** 212299
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $481K
- **Initial approval:** $481K
- **Forgiven:** $488K (101%)
- **Forgiveness date:** 09/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $361K
- **Rent:** $1
- **Utilities:** $120K
- **Jobs reported:** 27
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*