# PPP loan: SMTIH INDUSTRIES, LLC
> **$3.54M** approved 04/05/2020 · Exemption 4 · Loan `5178137009`
## Borrower
- **Name:** SMTIH INDUSTRIES, LLC
- **Address:** 3601 E Hwy 158, MIDLAND, TX, 79706-4229
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.54M
- **Initial approval:** $3.54M
- **Forgiven:** $2.40M (68%)
- **Forgiveness date:** 07/19/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.54M
- **Jobs reported:** 178
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*