# PPP loan: FM CONCEPT, LLC
> **$297K** approved 04/15/2020 · Paid in Full · Loan `2194087210`
## Borrower
- **Name:** FM CONCEPT, LLC
- **Address:** 1112 Shepherd Drive, HOUSTON, TX, 77007
- **NAICS:** 541110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Mortgage interest:** $37K
- **Utilities:** $37K
- **Jobs reported:** 68
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*