# PPP loan: ELDERCARE INSTITUTE INC
> **$175K** approved 02/05/2021 · Paid in Full · Loan `3608658402`
## Borrower
- **Name:** ELDERCARE INSTITUTE INC
- **Address:** 1130 Bradshaw Dr, Florence, AL, 35630-1438
- **NAICS:** 624120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** First Southern Bank
- **Servicing:** First Southern Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*