# PPP loan: MEDICAL ASSOCIATES OF THE SHOALS P.C.
> **$1.05M** approved 03/20/2021 · Paid in Full · Loan `5542298603`
## Borrower
- **Name:** MEDICAL ASSOCIATES OF THE SHOALS P.C.
- **Address:** 1120 S Jackson Hwy Ste 300, Sheffield, AL, 35660-5773
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.06M (101%)
- **Forgiveness date:** 08/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.05M
- **Utilities:** $1
- **Jobs reported:** 83
## Lender
- **Originating:** First Metro Bank
- **Servicing:** First Metro Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*