# PPP loan: STATE INDUSTRIAL SUPPLY, INC.
> **$262K** approved 04/10/2020 · Paid in Full · Loan `2406867102`
## Borrower
- **Name:** STATE INDUSTRIAL SUPPLY, INC.
- **Address:** 3308 OAK LAKE BLVD, CHARLOTTE, NC, 28208-7700
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Jobs reported:** 14
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*