# PPP loan: SMITH INDUSTRIAL SERVICE, INC.
> **$3.23M** approved 04/07/2020 · Paid in Full · Loan `6705107008`
## Borrower
- **Name:** SMITH INDUSTRIAL SERVICE, INC.
- **Address:** 2001 W. I65 SERVICE RD N, MOBILE, AL, 36618-1112
- **NAICS:** 562910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.23M
- **Initial approval:** $3.23M
- **Forgiven:** $3.27M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.09M
- **Rent:** $53K
- **Utilities:** $20K
- **Health care:** $18K
- **Debt interest:** $47K
- **Jobs reported:** 156
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*