# PPP loan: PAYROLL SERVICES LLC
> **$384K** approved 01/21/2021 · Paid in Full · Loan `3131878302`
## Borrower
- **Name:** PAYROLL SERVICES LLC
- **Address:** 1704A 2nd Ave SW, Cullman, AL, 35055-5337
- **NAICS:** 561320
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $384K
- **Initial approval:** $384K
- **Forgiven:** $386K (100%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $384K
- **Utilities:** $1
- **Jobs reported:** 56
## Lender
- **Originating:** Merchants Bank of Alabama, A Division of SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*