# PPP loan: SMITH BROTHERS PIPE, INC.
> **$195K** approved 04/07/2020 · Paid in Full · Loan `7040577008`
## Borrower
- **Name:** SMITH BROTHERS PIPE, INC.
- **Address:** 2707 E INTERSTATE 20, MIDLAND, TX, 79706-4245
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Jobs reported:** 10
## Lender
- **Originating:** Community National Bank
- **Servicing:** Community National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*