# PPP loan: SC HUNTSVILLE, INC.
> **$156K** approved 04/07/2020 · Exemption 4 · Loan `7626837000`
## Borrower
- **Name:** SC HUNTSVILLE, INC.
- **Address:** 2319 MEMORIAL PKWY, HUNTSVILLE, AL, 35801-5623
- **NAICS:** 722110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $125K (80%)
- **Forgiveness date:** 07/28/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $10K
- **Utilities:** $6K
- **Jobs reported:** 35
## 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*