# PPP loan: L&E RESEARCH INC.
> **$1.37M** approved 02/20/2021 · Paid in Full · Loan `2180028503`
## Borrower
- **Name:** L&E RESEARCH INC.
- **Address:** 5505 Creedmoor Rd, Raleigh, NC, 27612-6352
- **NAICS:** 541910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.37M (100%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.37M
- **Utilities:** $1
- **Jobs reported:** 242
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*