# PPP loan: GENERATIONS OF VERNON, LLC
> **$1.00M** approved 04/27/2020 · Paid in Full · Loan `4013457204`
## Borrower
- **Name:** GENERATIONS OF VERNON, LLC
- **Address:** 1050 CONVALESCENT RD, VERNON, AL, 35592-4823
- **NAICS:** 623312
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $801K
- **Rent:** $100K
- **Utilities:** $100K
- **Jobs reported:** 163
## Lender
- **Originating:** Community Spirit Bank
- **Servicing:** Community Spirit Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*