# PPP loan: STATE SERVICE COMPANY INC
> **$1.21M** approved 04/07/2020 · Paid in Full · Loan `7416887006`
## Borrower
- **Name:** STATE SERVICE COMPANY INC
- **Address:** 919 County Rd 4714, INGLESIDE, TX, 78362
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $966K
- **Rent:** $121K
- **Utilities:** $121K
- **Jobs reported:** 67
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*