# PPP loan: SOUTHERN ORTHOPEDIC & SPORTS MEDICINE
> **$550K** approved 04/04/2020 · Paid in Full · Loan `5014737005`
## Borrower
- **Name:** SOUTHERN ORTHOPEDIC & SPORTS MEDICINE
- **Address:** 2950 Hwy 78 East, JASPER, AL, 35501-8903
- **NAICS:** 621111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $553K (101%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $458K
- **Rent:** $49K
- **Utilities:** $20K
- **Health care:** $23K
- **Jobs reported:** 41
## 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*