# PPP loan: SOTEC, L.L.C.
> **$501K** approved 04/15/2020 · Paid in Full · Loan `1941957200`
## Borrower
- **Name:** SOTEC, L.L.C.
- **Address:** 215 WILLIAM DAVID PKWY, METAIRIE, LA, 70005
- **NAICS:** 423850
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $501K
- **Initial approval:** $501K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $501K
- **Jobs reported:** 30
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*