# PPP loan: GENERATIONS OF RED BAY, LLC
> **$520K** approved 04/27/2020 · Paid in Full · Loan `3821447205`
## Borrower
- **Name:** GENERATIONS OF RED BAY, LLC
- **Address:** 106 10TH AVE NW, RED BAY, AL, 35582-3800
- **NAICS:** 623312
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $526K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $416K
- **Rent:** $52K
- **Utilities:** $52K
- **Jobs reported:** 72
## Lender
- **Originating:** Community Spirit Bank
- **Servicing:** Community Spirit Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*