# PPP loan: BUY-LO QUALITY FOOD STORES, INC.
> **$2.29M** approved 04/06/2020 · Paid in Full · Loan `6316397010`
## Borrower
- **Name:** BUY-LO QUALITY FOOD STORES, INC.
- **Address:** 3605 8th Ave S, BIRMINGHAM, AL, 35222-3218
- **NAICS:** 445110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.29M
- **Initial approval:** $2.29M
- **Forgiven:** $2.34M (102%)
- **Forgiveness date:** 03/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.72M
- **Rent:** $287K
- **Utilities:** $287K
- **Jobs reported:** 495
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*