# PPP loan: FALLS FACILITY SERVICES INC
> **$400K** approved 04/15/2020 · Paid in Full · Loan `2196067208`
## Borrower
- **Name:** FALLS FACILITY SERVICES INC
- **Address:** 1911 JEFFERSON AVE SW, BIRMINGHAM, AL, 35211
- **NAICS:** 561720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $33K
- **Mortgage interest:** $33K
- **Utilities:** $33K
- **Jobs reported:** 40
## 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*