# PPP loan: SOUTHERN TALENT SPECIALISTS, INC.
> **$197K** approved 04/08/2020 · Paid in Full · Loan `7797747002`
## Borrower
- **Name:** SOUTHERN TALENT SPECIALISTS, INC.
- **Address:** 400 BOARDMAN DR, CHELSEA, AL, 35043-8211
- **NAICS:** 561320
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $125K (63%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Rent:** $10K
- **Mortgage interest:** $10K
- **Utilities:** $10K
- **Health care:** $10K
- **Debt interest:** $10K
- **Jobs reported:** 10
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*