# PPP loan: KNICHEL LOGISTICS INC.
> **$651K** approved 02/18/2021 · Paid in Full · Loan `1409858510`
## Borrower
- **Name:** KNICHEL LOGISTICS INC.
- **Address:** 5347 William Flynn Hwy, Gibsonia, PA, 15044-9644
- **NAICS:** 488510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $651K
- **Initial approval:** $651K
- **Forgiven:** $654K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $651K
- **Jobs reported:** 48
## Lender
- **Originating:** S & T Bank
- **Servicing:** S & T Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*