# PPP loan: LOTT BROTHERS CONSTRUCTION COMPANY, LTD.
> **$622K** approved 04/10/2020 · Paid in Full · Loan `1162317110`
## Borrower
- **Name:** LOTT BROTHERS CONSTRUCTION COMPANY, LTD.
- **Address:** 13284 Pond Springs Road, Austin, TX, 78729-7105
- **NAICS:** 236220
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $622K
- **Initial approval:** $866K
- **Forgiven:** $626K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $589K
- **Rent:** $13K
- **Utilities:** $20K
- **Jobs reported:** 36
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*