# PPP loan: KING IMPORTS, INC
> **$672K** approved 04/13/2020 · Paid in Full · Loan `4414527104`
## Borrower
- **Name:** KING IMPORTS, INC
- **Address:** 2570 US HIGHWAY 78, ANNISTON, AL, 36207-8347
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Change of Ownership
## Loan
- **Approval amount:** $672K
- **Initial approval:** $672K
- **Forgiven:** $681K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $672K
- **Jobs reported:** 62
## Lender
- **Originating:** SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*