# PPP loan: CANVAS PRODUCTS OF DOTHAN, INC.
> **$198K** approved 04/27/2020 · Paid in Full · Loan `5914737207`
## Borrower
- **Name:** CANVAS PRODUCTS OF DOTHAN, INC.
- **Address:** 109 southgate road, DOTHAN, AL, 36301-5794
- **NAICS:** 314910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Rent:** $3K
- **Utilities:** $9K
- **Jobs reported:** 26
## Lender
- **Originating:** Troy Bank & Trust Company
- **Servicing:** Troy Bank & Trust Company (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*