# PPP loan: KING'S HOME, INC.
> **$1.24M** approved 04/07/2020 · Exemption 4 · Loan `7436887003`
## Borrower
- **Name:** KING'S HOME, INC.
- **Address:** 221 Kings Home Dr, CHELSEA, AL, 35043
- **NAICS:** 624110
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.15M (93%)
- **Forgiveness date:** 02/04/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.24M
- **Jobs reported:** 208
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*