# PPP loan: ALABAMA PLATE CUTTING CO, INC
> **$874K** approved 04/08/2020 · Paid in Full · Loan `8562687008`
## Borrower
- **Name:** ALABAMA PLATE CUTTING CO, INC
- **Address:** 1701 Highway 31 S, SAGINAW, AL, 35137-0128
- **NAICS:** 332313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $874K
- **Initial approval:** $920K
- **Forgiven:** $881K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $752K
- **Rent:** $84K
- **Utilities:** $37K
- **Jobs reported:** 92
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*