# PPP loan: HOYTT REINFORCING INC
> **$385K** approved 04/28/2020 · Paid in Full · Loan `9780747201`
## Borrower
- **Name:** HOYTT REINFORCING INC
- **Address:** 504 Finley Avenue, SYLACAUGA, AL, 35150
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $385K
- **Forgiven:** $390K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $385K
- **Jobs reported:** 18
## Lender
- **Originating:** First Bank of Alabama
- **Servicing:** First Bank of Alabama (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*