# PPP loan: GREAT CLIPS
> **$221K** approved 06/12/2020 · Paid in Full · Loan `2865557908`
## Borrower
- **Name:** GREAT CLIPS
- **Address:** 29 BAY TREE CT, SAINT SIMONS ISLAND, GA, 31522-5201
- **NAICS:** 812112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $222K (100%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $166K
- **Mortgage interest:** $55K
- **Jobs reported:** 37
## Lender
- **Originating:** Magnolia State Bank
- **Servicing:** Magnolia State Bank (GA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*