# PPP loan: NELMS BROTHERS LOGGING INC.
> **$253K** approved 04/04/2020 · Paid in Full · Loan `4770007010`
## Borrower
- **Name:** NELMS BROTHERS LOGGING INC.
- **Address:** 179 ASHLEY ROAD 107, MONTROSE, AR, 71658-9520
- **NAICS:** 113310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Debt interest:** $63K
- **Jobs reported:** 18
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*