# PPP loan: STEPHENS PNEUMATICS INC
> **$1.10M** approved 04/10/2020 · Paid in Full · Loan `1270817104`
## Borrower
- **Name:** STEPHENS PNEUMATICS INC
- **Address:** 147 CR 4840, HASLET, TX, 76052
- **NAICS:** 332420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $883K
- **Rent:** $110K
- **Utilities:** $110K
- **Jobs reported:** 69
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*