# PPP loan: SLOAN UTILITY CONTRACTING INC
> **$214K** approved 04/06/2020 · Paid in Full · Loan `6052577000`
## Borrower
- **Name:** SLOAN UTILITY CONTRACTING INC
- **Address:** 6949 TURNER MOUNTAIN RD, GADSDEN, AL, 35903-6948
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $214K
- **Initial approval:** $214K
- **Forgiven:** $216K (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Mortgage interest:** $32K
- **Utilities:** $21K
- **Jobs reported:** 25
## Lender
- **Originating:** Peoples Independent Bank
- **Servicing:** Peoples Independent Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*