# PPP loan: ALCO MANAGEMENT, INC.
> **$2.57M** approved 04/13/2020 · Paid in Full · Loan `4896607106`
## Borrower
- **Name:** ALCO MANAGEMENT, INC.
- **Address:** 35 Union Ave Suite 300, Memphis, TN, 38103
- **NAICS:** 531311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.57M
- **Initial approval:** $2.57M
- **Forgiven:** $2.60M (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.57M
- **Jobs reported:** 238
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*