# PPP loan: WATTS & ASSOCIATES ROOFING, INC
> **$640K** approved 04/05/2020 · Paid in Full · Loan `5522697002`
## Borrower
- **Name:** WATTS & ASSOCIATES ROOFING, INC
- **Address:** 7416 Fairfield Road, COLUMBIA, SC, 29203-9544
- **NAICS:** 238160
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $640K
- **Initial approval:** $640K
- **Forgiven:** $646K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $512K
- **Rent:** $20K
- **Utilities:** $20K
- **Health care:** $88K
- **Jobs reported:** 62
## Lender
- **Originating:** First Palmetto Bank
- **Servicing:** First Palmetto Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*