# PPP loan: PAYNE POULTRY, INC.
> **$169K** approved 04/13/2020 · Paid in Full · Loan `4670597102`
## Borrower
- **Name:** PAYNE POULTRY, INC.
- **Address:** 876 LESLIE LN, GARDENDALE, AL, 35071-3030
- **NAICS:** 112390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $171K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $2K
- **Utilities:** $4K
- **Debt interest:** $3K
- **Jobs reported:** 21
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*