# PPP loan: KWANGSUNG AMERICA CORPORATION
> **$2.40M** approved 04/28/2020 · Paid in Full · Loan `7939537201`
## Borrower
- **Name:** KWANGSUNG AMERICA CORPORATION
- **Address:** 217 Thweatt Industrial Blvd, DADEVILLE, AL, 36853
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.40M
- **Initial approval:** $2.40M
- **Forgiven:** $2.45M (102%)
- **Forgiveness date:** 05/20/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.30M
- **Rent:** $50K
- **Utilities:** $50K
- **Jobs reported:** 243
## 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*