# PPP loan: JOHN LABIB STRUCTURAL ENGINEERS
> **$1.50M** approved 04/10/2020 · Paid in Full · Loan `2073787103`
## Borrower
- **Name:** JOHN LABIB STRUCTURAL ENGINEERS
- **Address:** 319 Main St., EL SEGUNDO, CA, 90245-3814
- **NAICS:** 541330
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Rent:** $100K
- **Utilities:** $3K
- **Debt interest:** $24K
- **Jobs reported:** 88
## Lender
- **Originating:** First Pacific Bank
- **Servicing:** First Pacific Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*