# PPP loan: SOUTH ALABAMA MATERIALS INC
> **$240K** approved 04/15/2020 · Paid in Full · Loan `9943367102`
## Borrower
- **Name:** SOUTH ALABAMA MATERIALS INC
- **Address:** 8 E QUINTETTE RD, CANTONMENT, FL, 32533-7213
- **NAICS:** 212321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 27
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*