# PPP loan: TOWNSEND BUILDING SUPPLY, INC.
> **$932K** approved 04/05/2020 · Paid in Full · Loan `5429917002`
## Borrower
- **Name:** TOWNSEND BUILDING SUPPLY, INC.
- **Address:** 868 MURRAY ROAD, DOTHAN, AL, 36303-5718
- **NAICS:** 444110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $932K
- **Initial approval:** $932K
- **Forgiven:** $938K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $796K
- **Rent:** $90K
- **Mortgage interest:** $8K
- **Utilities:** $26K
- **Debt interest:** $12K
- **Jobs reported:** 115
## 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*