# PPP loan: SOUTHERN MEDICAL EQUIPMENT CORPORATION
> **$180K** approved 04/09/2020 · Paid in Full · Loan `9027347003`
## Borrower
- **Name:** SOUTHERN MEDICAL EQUIPMENT CORPORATION
- **Address:** 110 3RD AVE SE, CULLMAN, AL, 35055-3525
- **NAICS:** 446199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $181K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Rent:** $20K
- **Mortgage interest:** $10K
- **Utilities:** $6K
- **Jobs reported:** 21
## Lender
- **Originating:** Premier Bank of the South
- **Servicing:** Premier Bank of the South (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*