# PPP loan: AMERICAN DEBT RELIEF, LLC
> **$768K** approved 04/13/2020 · Paid in Full · Loan `5411297106`
## Borrower
- **Name:** AMERICAN DEBT RELIEF, LLC
- **Address:** 6860 DALLAS PKWY STE 200, PLANO, TX, 75024-0018
- **NAICS:** 812990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $768K
- **Initial approval:** $768K
- **Forgiven:** $775K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Rent:** $115K
- **Utilities:** $77K
- **Jobs reported:** 51
## Lender
- **Originating:** Southern Bancorp Bank
- **Servicing:** Southern Bancorp Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*