# PPP loan: SBC INSTRUMENT & CONTROL, INC
> **$1.49M** approved 04/10/2020 · Paid in Full · Loan `2305787103`
## Borrower
- **Name:** SBC INSTRUMENT & CONTROL, INC
- **Address:** 601 Pinecrest Road, CORINTH, MS, 38834-5334
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $1.50M (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.46M
- **Rent:** $15K
- **Utilities:** $15K
- **Jobs reported:** 95
## Lender
- **Originating:** CB&S Bank
- **Servicing:** CB&S Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*