# PPP loan: ADVANCE MORTGAGE & INVESTMENT COMPANY LLC
> **$789K** approved 04/28/2020 · Paid in Full · Loan `7925197205`
## Borrower
- **Name:** ADVANCE MORTGAGE & INVESTMENT COMPANY LLC
- **Address:** 30500 State Highway 181 Suite 460, DAPHNE, AL, 36527
- **NAICS:** 531390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $789K
- **Initial approval:** $789K
- **Forgiven:** $800K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $765K
- **Rent:** $24K
- **Utilities:** $650
- **Jobs reported:** 52
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*