# PPP loan: AMERICAN CLASSICS APPAREL
> **$343K** approved 04/06/2020 · Paid in Full · Loan `5666857001`
## Borrower
- **Name:** AMERICAN CLASSICS APPAREL
- **Address:** 160 County Road 565, HANCEVILLE, AL, 35077-7953
- **NAICS:** 453220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $343K
- **Initial approval:** $343K
- **Forgiven:** $345K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $343K
- **Jobs reported:** 48
## Lender
- **Originating:** Merchants Bank of Alabama, A Division of SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*