# PPP loan: JIM L. TIPTON LLC
> **$282K** approved 02/19/2021 · Paid in Full · Loan `2076658504`
## Borrower
- **Name:** JIM L. TIPTON LLC
- **Address:** 302 E 5th St, Plankinton, SD, 57368-2215
- **NAICS:** 722310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $284K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $282K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Farmers and Merchants State Bank
- **Servicing:** Farmers and Merchants State Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*