# PPP loan: TIMBO'S CONSTRUCTION
> **$220K** approved 04/27/2020 · Paid in Full · Loan `3498467210`
## Borrower
- **Name:** TIMBO'S CONSTRUCTION
- **Address:** 3853 HIGHWAY 61, CLEVELAND, MS, 38732-8761
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Rent:** $33K
- **Utilities:** $22K
- **Jobs reported:** 14
## Lender
- **Originating:** Southern Bancorp Bank
- **Servicing:** Southern Bancorp Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*