# PPP loan: BILLY REID, INC.
> **$1.17M** approved 04/06/2020 · Paid in Full · Loan `6432477007`
## Borrower
- **Name:** BILLY REID, INC.
- **Address:** 114 N. Court Street, FLORENCE, AL, 35630-4766
- **NAICS:** 448150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $925K
- **Rent:** $200K
- **Mortgage interest:** $12K
- **Utilities:** $35K
- **Jobs reported:** 119
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*