# PPP loan: SOUTH POINT SERVICES INC.
> **$157K** approved 02/03/2021 · Paid in Full · Loan `2636318408`
## Borrower
- **Name:** SOUTH POINT SERVICES INC.
- **Address:** 2626 LN 397, LAKE CHARLES, LA, 70615
- **NAICS:** 562111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 05/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** b1BANK
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*