# PPP loan: NIX FOREST INDUSTRIES INC.
> **$426K** approved 04/10/2020 · Paid in Full · Loan `1486157106`
## Borrower
- **Name:** NIX FOREST INDUSTRIES INC.
- **Address:** 14732 STATE HIGHWAY 87 N, TIMPSON, TX, 75975-4114
- **NAICS:** 113110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Utilities:** $85K
- **Jobs reported:** 46
## Lender
- **Originating:** Shelby Savings Bank, SSB
- **Servicing:** Shelby Savings Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*