# PPP loan: SMITH ENERGY SERVICES, INC.
> **$560K** approved 04/10/2020 · Paid in Full · Loan `2267657108`
## Borrower
- **Name:** SMITH ENERGY SERVICES, INC.
- **Address:** 944 S SHELBY ST, CARTHAGE, TX, 75633-3032
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $560K
- **Initial approval:** $560K
- **Forgiven:** $564K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $482K
- **Mortgage interest:** $10K
- **Utilities:** $4K
- **Health care:** $48K
- **Debt interest:** $16K
- **Jobs reported:** 53
## Lender
- **Originating:** Citizens Bank
- **Servicing:** Citizens Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*