# PPP loan: SCHOLAR CRAFT PRODUCTS INC
> **$2.09M** approved 04/07/2020 · Paid in Full · Loan `6945377007`
## Borrower
- **Name:** SCHOLAR CRAFT PRODUCTS INC
- **Address:** 1 Scholar Craft Pkwy, BIRMINGHAM, AL, 35201
- **NAICS:** 337127
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.09M
- **Initial approval:** $2.09M
- **Forgiven:** $2.12M (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.09M
- **Jobs reported:** 270
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*