# PPP loan: MCLEOD TRUCK PARTS, INC.
> **$157K** approved 04/14/2020 · Paid in Full · Loan `6556487110`
## Borrower
- **Name:** MCLEOD TRUCK PARTS, INC.
- **Address:** 5540 Skyland Blvd. E., TUSCALOOSA, AL, 35407
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $118K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 20
## 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*