# PPP loan: SERVICO INC
> **$876K** approved 04/08/2020 · Paid in Full · Loan `8675017002`
## Borrower
- **Name:** SERVICO INC
- **Address:** 1615 COUNTY ROAD 389, COURTLAND, AL, 35618-4031
- **NAICS:** 115111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $876K
- **Initial approval:** $876K
- **Forgiven:** $749K (86%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $715K
- **Mortgage interest:** $8K
- **Utilities:** $152K
- **Jobs reported:** 25
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*