# PPP loan: SOUTHERN ASPHALT INC
> **$432K** approved 04/06/2020 · Paid in Full · Loan `5882117007`
## Borrower
- **Name:** SOUTHERN ASPHALT INC
- **Address:** Po Box 474, ROCKY POINT, NC, 28457-0474
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $432K
- **Initial approval:** $1.08M
- **Forgiven:** $435K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $432K
- **Jobs reported:** 75
## Lender
- **Originating:** Dogwood State Bank
- **Servicing:** Dogwood State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*