# PPP loan: LORING & CO INC
> **$160K** approved 04/06/2020 · Paid in Full · Loan `5713257002`
## Borrower
- **Name:** LORING & CO INC
- **Address:** 800 Airport Road, HUNTSVILLE, AL, 35802-1350
- **NAICS:** 448310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Jobs reported:** 10
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*