# PPP loan: SAVELA & ASSOCIATES INC.
> **$1.81M** approved 04/07/2020 · Paid in Full · Loan `6892817003`
## Borrower
- **Name:** SAVELA & ASSOCIATES INC.
- **Address:** 3595 Grandview Pkwy Ste 450, BIRMINGHAM, AL, 35243-1816
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.81M
- **Initial approval:** $1.81M
- **Forgiven:** $1.83M (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.66M
- **Rent:** $153K
- **Jobs reported:** 145
## 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*