# PPP loan: STIS INC
> **$5.38M** approved 04/05/2020 · Paid in Full · Loan `5464447009`
## Borrower
- **Name:** STIS INC
- **Address:** PO BOX 1220, BRIDGE CITY, TX, 77611
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.38M
- **Initial approval:** $5.38M
- **Forgiven:** $5.44M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.06M
- **Rent:** $21K
- **Health care:** $300K
- **Jobs reported:** 326
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*