# PPP loan: SOUTHERN CENTRIFUGE AND DRYER REPAIR LLC
> **$283K** approved 05/01/2020 · Charged Off · Loan `7901347709`
## Borrower
- **Name:** SOUTHERN CENTRIFUGE AND DRYER REPAIR LLC
- **Address:** 5504 Farm to Market Rd 1488, Magnolia, TX, 77354
- **NAICS:** 811411
- **Business type:** Limited Liability Partnership
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $283K
- **Initial approval:** $283K
- **Forgiven:** $218K (77%)
- **Forgiveness date:** 09/07/2021
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $283K
- **Jobs reported:** 3
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*