# PPP loan: SOUTHERN MULTIFOODS, INC.
> **$8.58M** approved 04/13/2020 · Paid in Full · Loan `5501117102`
## Borrower
- **Name:** SOUTHERN MULTIFOODS, INC.
- **Address:** 101 E Cherokee, Jacksonville, TX, 75766-4807
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.58M
- **Initial approval:** $8.58M
- **Forgiven:** $8.68M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $8.58M
- **Jobs reported:** 500
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*