# PPP loan: THE SHADDIX COMPANY, INC.
> **$162K** approved 04/13/2020 · Paid in Full · Loan `4327117101`
## Borrower
- **Name:** THE SHADDIX COMPANY, INC.
- **Address:** PO BOX 1306, CULLMAN, AL, 35056
- **NAICS:** 327390
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Mortgage interest:** $28K
- **Utilities:** $5K
- **Jobs reported:** 21
## Lender
- **Originating:** Peoples Bank of Alabama
- **Servicing:** Peoples Bank of Alabama (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*