# PPP loan: STOKES DISTRIBUTING CO., INC
> **$740K** approved 04/05/2020 · Paid in Full · Loan `5160137000`
## Borrower
- **Name:** STOKES DISTRIBUTING CO., INC
- **Address:** 12 STOKES DR, HATTIESBURG, MS, 39401-9084
- **NAICS:** 424810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $740K
- **Initial approval:** $740K
- **Forgiven:** $747K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $612K
- **Utilities:** $93K
- **Health care:** $35K
- **Jobs reported:** 87
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*