# PPP loan: SENATORS COACHES, INC
> **$1.38M** approved 04/27/2020 · Exemption 4 · Loan `6323227210`
## Borrower
- **Name:** SENATORS COACHES, INC
- **Address:** 160 JEREMY DR, FLORENCE, AL, 35634-2656
- **NAICS:** 485510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $131K (10%)
- **Forgiveness date:** 08/03/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.03M
- **Mortgage interest:** $207K
- **Utilities:** $138K
- **Jobs reported:** 120
## Lender
- **Originating:** First Metro Bank
- **Servicing:** First Metro Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*