# PPP loan: SHERROD SERVICES LLC
> **$715K** approved 04/08/2020 · Paid in Full · Loan `7917757000`
## Borrower
- **Name:** SHERROD SERVICES LLC
- **Address:** 311 LCR 730, GROESBECK, TX, 76642-2216
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $715K
- **Initial approval:** $715K
- **Forgiven:** $719K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $572K
- **Utilities:** $143K
- **Jobs reported:** 55
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*