# PPP loan: KLEMENT RESTAURANTS INC.
> **$156K** approved 04/08/2020 · Paid in Full · Loan `8511557004`
## Borrower
- **Name:** KLEMENT RESTAURANTS INC.
- **Address:** 307 E JM Lindsay Blvd, LINDSAY, TX, 76250-2110
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Utilities:** $5K
- **Jobs reported:** 45
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*