# PPP loan: MEDICAL ASSOCIATES OF THE SHOALS, PC
> **$1.06M** approved 04/13/2020 · Paid in Full · Loan `4664367107`
## Borrower
- **Name:** MEDICAL ASSOCIATES OF THE SHOALS, PC
- **Address:** 1120 S. JACKSON HWY, SHEFFIELD, AL, 35660-5747
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $792K
- **Mortgage interest:** $158K
- **Utilities:** $106K
- **Jobs reported:** 83
## Lender
- **Originating:** First Metro Bank
- **Servicing:** First Metro Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*