# PPP loan: L.M.C. SPECIALTIES INC.
> **$500K** approved 03/13/2021 · Paid in Full · Loan `1423328609`
## Borrower
- **Name:** L.M.C. SPECIALTIES INC.
- **Address:** L.M.C. Specialties Inc. 1st Floor, College Point, NY, 11356
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $362K (72%)
- **Forgiveness date:** 02/15/2024
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 20
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*