# PPP loan: MR. BURCH FORMALWEAR, INC.
> **$278K** approved 04/08/2020 · Paid in Full · Loan `7796867001`
## Borrower
- **Name:** MR. BURCH FORMALWEAR, INC.
- **Address:** 2420 1ST AVE N, BIRMINGHAM, AL, 35203-4304
- **NAICS:** 532281
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Jobs reported:** 35
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*