# PPP loan: KING SIMMONS FORD & SPREE, P.C.
> **$212K** approved 04/12/2020 · Paid in Full · Loan `3809147108`
## Borrower
- **Name:** KING SIMMONS FORD & SPREE, P.C.
- **Address:** 5300 Cahaba River Rd Ste 100, BIRMINGHAM, AL, 35243-2302
- **NAICS:** 541110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $168K
- **Rent:** $28K
- **Utilities:** $16K
- **Jobs reported:** 23
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*