# PPP loan: JACOBS TOWING, LLC
> **$265K** approved 04/15/2020 · Paid in Full · Loan `9276377100`
## Borrower
- **Name:** JACOBS TOWING, LLC
- **Address:** 116 ANDERSON ROAD, TROY, AL, 36079-2502
- **NAICS:** 488410
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $209K
- **Mortgage interest:** $50K
- **Utilities:** $4K
- **Health care:** $2K
- **Jobs reported:** 21
## Lender
- **Originating:** Troy Bank & Trust Company
- **Servicing:** Troy Bank & Trust Company (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*