# PPP loan: TONY'S TOWING INC
> **$162K** approved 04/09/2020 · Paid in Full · Loan `8969327007`
## Borrower
- **Name:** TONY'S TOWING INC
- **Address:** 8326 A NICHOLS AVENUE EXT, FAIRHOPE, AL, 36532-3640
- **NAICS:** 488410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Rent:** $6K
- **Utilities:** $2K
- **Debt interest:** $400
- **Jobs reported:** 13
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*