# PPP loan: PARKER TOWING COMPANY, INC.
> **$6.44M** approved 04/03/2020 · Paid in Full · Loan `4541927000`
## Borrower
- **Name:** PARKER TOWING COMPANY, INC.
- **Address:** 1001 3RD ST, NORTHPORT, AL, 35476-5048
- **NAICS:** 483211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.44M
- **Initial approval:** $6.44M
- **Forgiven:** $6.51M (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.60M
- **Rent:** $88K
- **Debt interest:** $750K
- **Jobs reported:** 373
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*