# PPP loan: H.W.HERRELL DISTRIBUTING COMPANY
> **$724K** approved 04/28/2020 · Paid in Full · Loan `7557207201`
## Borrower
- **Name:** H.W.HERRELL DISTRIBUTING COMPANY
- **Address:** 1002 White Ave PO Box 6, Imperial, MO, 63052
- **NAICS:** 424810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $724K
- **Initial approval:** $724K
- **Forgiven:** $731K (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $594K
- **Rent:** $10K
- **Utilities:** $10K
- **Health care:** $110K
- **Jobs reported:** 48
## Lender
- **Originating:** First State Community Bank
- **Servicing:** First State Community Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*