# PPP loan: DESOTO TREATED MATERIALS INC
> **$497K** approved 04/06/2020 · Paid in Full · Loan `6155967002`
## Borrower
- **Name:** DESOTO TREATED MATERIALS INC
- **Address:** 941 MAGNOLIA DR, WIGGINS, MS, 39577-2707
- **NAICS:** 321999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $497K
- **Jobs reported:** 51
## Lender
- **Originating:** The Peoples Bank
- **Servicing:** The Peoples Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*