# PPP loan: FARRIS WHOLESALE OUTLET, INC
> **$209K** approved 04/13/2020 · Paid in Full · Loan `4307447109`
## Borrower
- **Name:** FARRIS WHOLESALE OUTLET, INC
- **Address:** 170 Carolyn Road, MUSCLE SHOALS, AL, 35661-4510
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $209K
- **Initial approval:** $209K
- **Forgiven:** $211K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Rent:** $42K
- **Mortgage interest:** $6K
- **Utilities:** $4K
- **Jobs reported:** 20
## Lender
- **Originating:** CB&S Bank
- **Servicing:** CB&S Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*