# PPP loan: L EVERITT INDUSTRIAL SUPPLY, INC.
> **$404K** approved 04/08/2020 · Paid in Full · Loan `8306877007`
## Borrower
- **Name:** L EVERITT INDUSTRIAL SUPPLY, INC.
- **Address:** P.O. Box 1152, CHANNELVIEW, TX, 77530-1152
- **NAICS:** 332996
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $404K
- **Initial approval:** $404K
- **Forgiven:** $408K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $404K
- **Jobs reported:** 28
## Lender
- **Originating:** SouthTrust Bank, National Association
- **Servicing:** SouthTrust Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*