# PPP loan: CHEROKEE GIN & COTTON COMPANY
> **$264K** approved 04/14/2020 · Paid in Full · Loan `7390597101`
## Borrower
- **Name:** CHEROKEE GIN & COTTON COMPANY
- **Address:** 6000 US HIGHWAY 411 North, CENTRE, AL, 35960-7920
- **NAICS:** 115111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $266K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $211K
- **Rent:** $17K
- **Utilities:** $36K
- **Jobs reported:** 34
## Lender
- **Originating:** First Fidelity Bank
- **Servicing:** First Fidelity Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*