# PPP loan: WATER WAY DISTRIBUTING COMPANY INC
> **$224K** approved 04/07/2020 · Paid in Full · Loan `7406757009`
## Borrower
- **Name:** WATER WAY DISTRIBUTING COMPANY INC
- **Address:** 510 35th St. N, BIRMINGHAM, AL, 35222-1240
- **NAICS:** 312112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Rent:** $24K
- **Utilities:** $6K
- **Debt interest:** $5K
- **Jobs reported:** 23
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*