# PPP loan: KINETIC LOGISTICS CO.
> **$261K** approved 04/06/2020 · Paid in Full · Loan `5988817003`
## Borrower
- **Name:** KINETIC LOGISTICS CO.
- **Address:** 9296 Blue Point, NEW BRAUNFELS, TX, 78132-4310
- **NAICS:** 492110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $220K
- **Forgiven:** $263K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Jobs reported:** 30
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*