# PPP loan: KLEMENT DISTRIBUTION INC
> **$205K** approved 01/27/2021 · Paid in Full · Loan `6885148306`
## Borrower
- **Name:** KLEMENT DISTRIBUTION INC
- **Address:** 3271 S Highway 287, Decatur, TX, 76234-4305
- **NAICS:** 722310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $205K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Legend Bank, National Association
- **Servicing:** Legend Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*