# PPP loan: RUSSELL KORMAN COMPANY
> **$223K** approved 04/14/2020 · Paid in Full · Loan `6796637106`
## Borrower
- **Name:** RUSSELL KORMAN COMPANY
- **Address:** 5011 BURNET RD Suite 100, AUSTIN, TX, 78756-2654
- **NAICS:** 448310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Rent:** $42K
- **Utilities:** $5K
- **Health care:** $9K
- **Debt interest:** $1K
- **Jobs reported:** 16
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*