# PPP loan: LOUANGEL INC
> **$188K** approved 04/15/2020 · Paid in Full · Loan `1502457201`
## Borrower
- **Name:** LOUANGEL INC
- **Address:** 4534 S Padre Island Dr Ste 33, Corpus Christi, TX, 78411-4423
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $9K
- **Utilities:** $10K
- **Jobs reported:** 37
## Lender
- **Originating:** Kleberg Bank, National Association
- **Servicing:** Kleberg Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*