# PPP loan: COLONIAL CHEMICAL, INC.
> **$1.90M** approved 04/04/2020 · Paid in Full · Loan `4955627004`
## Borrower
- **Name:** COLONIAL CHEMICAL, INC.
- **Address:** 225 Colonial Drive, SOUTH PITTSBURG, TN, 37380-7275
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.90M
- **Initial approval:** $1.90M
- **Forgiven:** $1.91M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.75M
- **Rent:** $36K
- **Mortgage interest:** $8K
- **Utilities:** $68K
- **Debt interest:** $33K
- **Jobs reported:** 132
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*