# PPP loan: CARTON SERVICE, INC.
> **$1.91M** approved 04/05/2020 · Paid in Full · Loan `5471977002`
## Borrower
- **Name:** CARTON SERVICE, INC.
- **Address:** 341 JD YARNELL INDUSTRIAL PKWY, CLINTON, TN, 37716-4013
- **NAICS:** 322212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.91M
- **Initial approval:** $1.91M
- **Forgiven:** $1.93M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.75M
- **Rent:** $8K
- **Mortgage interest:** $29K
- **Utilities:** $106K
- **Debt interest:** $21K
- **Jobs reported:** 222
## 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*