# PPP loan: SYNERGY LABORATORIES INC
> **$860K** approved 04/07/2020 · Paid in Full · Loan `6469527002`
## Borrower
- **Name:** SYNERGY LABORATORIES INC
- **Address:** 5570 Rangeline Road suite B, MOBILE, AL, 36619-9540
- **NAICS:** 621511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $860K
- **Initial approval:** $860K
- **Forgiven:** $868K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $801K
- **Rent:** $19K
- **Utilities:** $13K
- **Debt interest:** $27K
- **Jobs reported:** 121
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*