# PPP loan: STELLAR INDUSTRIES INC
> **$6.29M** approved 04/15/2020 · Paid in Full · Loan `1347427202`
## Borrower
- **Name:** STELLAR INDUSTRIES INC
- **Address:** 190 State Street, GARNER, IA, 50438-1120
- **NAICS:** 336111
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.29M
- **Initial approval:** $6.29M
- **Forgiven:** $6.36M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.27M
- **Rent:** $50K
- **Utilities:** $200K
- **Health care:** $700K
- **Debt interest:** $65K
- **Jobs reported:** 500
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*