# PPP loan: S. KLIPS INC.
> **$263K** approved 02/02/2021 · Paid in Full · Loan `1942328404`
## Borrower
- **Name:** S. KLIPS INC.
- **Address:** 1310 Creekwood Dr, Garland, TX, 75044-2423
- **NAICS:** 812111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $263K
- **Initial approval:** $263K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $263K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Live Oak Banking Company
- **Servicing:** Live Oak Banking Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*