# PPP loan: ALPHACO, INC.
> **$215K** approved 04/05/2020 · Exemption 4 · Loan `5387077000`
## Borrower
- **Name:** ALPHACO, INC.
- **Address:** 5509 Ogeechee Rd., SAVANNAH, GA, 31405-9509
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $181K (84%)
- **Forgiveness date:** 05/21/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $205K
- **Health care:** $10K
- **Jobs reported:** 7
## Lender
- **Originating:** Ameris Bank
- **Servicing:** Ameris Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*