# PPP loan: SMITH TRUCKING INC
> **$1.66M** approved 04/05/2020 · Paid in Full · Loan `5591817005`
## Borrower
- **Name:** SMITH TRUCKING INC
- **Address:** 1451 JOOSTEN RD, WORTHINGTON, MN, 56187-1995
- **NAICS:** 484121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.68M (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $814K
- **Rent:** $832K
- **Utilities:** $16K
- **Jobs reported:** 160
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*