# PPP loan: SHOALS UROLOGICAL ASSOCIATES, P.C.
> **$294K** approved 04/09/2020 · Exemption 4 · Loan `9546027003`
## Borrower
- **Name:** SHOALS UROLOGICAL ASSOCIATES, P.C.
- **Address:** 1015 S JACKSON HWY, SHEFFIELD, AL, 35660-5700
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $169K (58%)
- **Forgiveness date:** 11/23/2022
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $291K
- **Mortgage interest:** $2K
- **Utilities:** $1K
- **Jobs reported:** 11
## Lender
- **Originating:** Bank Independent
- **Servicing:** Bank Independent (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*