# PPP loan: COLONIAL PARTNERS, INC.
> **$311K** approved 04/10/2020 · Paid in Full · Loan `2268667102`
## Borrower
- **Name:** COLONIAL PARTNERS, INC.
- **Address:** 1505 THE BOARDWALK, HUNTSVILLE, AL, 35816-1821
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $311K
- **Initial approval:** $311K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $233K
- **Rent:** $16K
- **Mortgage interest:** $16K
- **Utilities:** $16K
- **Health care:** $16K
- **Debt interest:** $16K
- **Jobs reported:** 32
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*