# PPP loan: SOUTHERN CORROSION, INC.
> **$434K** approved 04/10/2020 · Paid in Full · Loan `2509157104`
## Borrower
- **Name:** SOUTHERN CORROSION, INC.
- **Address:** 738 Thelma Road, ROANOKE RAPIDS, NC, 27870-8882
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $434K
- **Initial approval:** $434K
- **Forgiven:** $436K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $434K
- **Jobs reported:** 38
## Lender
- **Originating:** Touchstone Bank
- **Servicing:** Touchstone Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*