# PPP loan: ADS DRYING SYSTEMS, LLC
> **$1.26M** approved 04/07/2020 · Exemption 4 · Loan `7427887001`
## Borrower
- **Name:** ADS DRYING SYSTEMS, LLC
- **Address:** 12094 ANDERSON RD STE 330, TAMPA, FL, 33625-5682
- **NAICS:** 562910
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.17M (93%)
- **Forgiveness date:** 05/21/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.26M
- **Jobs reported:** 50
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*