# PPP loan: STOUTCO INC
> **$552K** approved 01/21/2021 · Paid in Full · Loan `2667938300`
## Borrower
- **Name:** STOUTCO INC
- **Address:** 1 STOUTCO DR, Bristol, IN, 46507
- **NAICS:** 332313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $552K
- **Initial approval:** $552K
- **Forgiven:** $556K (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $552K
- **Utilities:** $1
- **Jobs reported:** 44
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*