# PPP loan: JASPER TIRE & DISTRIBUTING CO INC
> **$175K** approved 04/10/2020 · Paid in Full · Loan `1600577108`
## Borrower
- **Name:** JASPER TIRE & DISTRIBUTING CO INC
- **Address:** 403 W GIBSON, JASPER, TX, 75951-4905
- **NAICS:** 441320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $20K
- **Utilities:** $4K
- **Health care:** $16K
- **Jobs reported:** 26
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*