# PPP loan: TEAM BG & ASSOCIATES LMC
> **$375K** approved 04/10/2020 · Paid in Full · Loan `1346467103`
## Borrower
- **Name:** TEAM BG & ASSOCIATES LMC
- **Address:** 68350 Tammany Trace, MANDEVILLE, LA, 70471
- **NAICS:** 423120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $378K (101%)
- **Forgiveness date:** 01/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $28K
- **Mortgage interest:** $17K
- **Utilities:** $4K
- **Health care:** $18K
- **Debt interest:** $8K
- **Jobs reported:** 33
## Lender
- **Originating:** BankPlus
- **Servicing:** BankPlus (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*