# PPP loan: W.P. MALONE, INC.
> **$228K** approved 04/08/2020 · Paid in Full · Loan `8712467008`
## Borrower
- **Name:** W.P. MALONE, INC.
- **Address:** 518 CLAY ST, ARKADELPHIA, AR, 71923-6024
- **NAICS:** 446110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Rent:** $34K
- **Utilities:** $23K
- **Jobs reported:** 20
## Lender
- **Originating:** Southern Bancorp Bank
- **Servicing:** Southern Bancorp Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*