# PPP loan: LIGNITE TIRE INC.
> **$158K** approved 01/17/2021 · Paid in Full · Loan `1531578306`
## Borrower
- **Name:** LIGNITE TIRE INC.
- **Address:** 300 19th St NW, Beulah, ND, 58523-6102
- **NAICS:** 441320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $158K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Union State Bank of Hazen
- **Servicing:** Union State Bank of Hazen (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*