# PPP loan: THE MCPHERSON COMPANIES INC
> **$2.00M** approved 05/07/2021 · Paid in Full · Loan `7197708908`
## Borrower
- **Name:** THE MCPHERSON COMPANIES INC
- **Address:** 5051 Cardinal St, Trussville, AL, 35173-1871
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.01M (100%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 196
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*