# PPP loan: HERMAN POWER TIRE SERVICE, INC.
> **$211K** approved 04/07/2020 · Paid in Full · Loan `6703097003`
## Borrower
- **Name:** HERMAN POWER TIRE SERVICE, INC.
- **Address:** 222 SOUTH ST, NACOGDOCHES, TX, 75961-5540
- **NAICS:** 423110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $211K
- **Initial approval:** $211K
- **Forgiven:** $212K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $20K
- **Utilities:** $22K
- **Jobs reported:** 19
## Lender
- **Originating:** Commercial Bank of Texas, N.A.
- **Servicing:** Commercial Bank of Texas, N.A. (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*