# PPP loan: LORANCE & THOMPSON, P.C.
> **$873K** approved 04/15/2020 · Paid in Full · Loan `1235797203`
## Borrower
- **Name:** LORANCE & THOMPSON, P.C.
- **Address:** 2900 NORTH LOOP WEST, HOUSTON, TX, 77092-8826
- **NAICS:** 541110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $873K
- **Initial approval:** $873K
- **Forgiven:** $884K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $698K
- **Mortgage interest:** $175K
- **Jobs reported:** 45
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*