# PPP loan: SOUTHEASTERN PSYCHIATRIC MANAGEMENT, INC.
> **$1.15M** approved 04/05/2020 · Paid in Full · Loan `5552387004`
## Borrower
- **Name:** SOUTHEASTERN PSYCHIATRIC MANAGEMENT, INC.
- **Address:** 3001 SCENIC HWY, GADSDEN, AL, 35904-3047
- **NAICS:** 622210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Rent:** $1K
- **Utilities:** $32K
- **Debt interest:** $36K
- **Jobs reported:** 179
## 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*