# PPP loan: THE 401 LLC
> **$335K** approved 04/11/2020 · Paid in Full · Loan `3487067104`
## Borrower
- **Name:** THE 401 LLC
- **Address:** 6700 Ferris St Ste 150, BELLAIRE, TX, 77401-3631
- **NAICS:** 999990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $341K (102%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $325K
- **Rent:** $7K
- **Utilities:** $3K
- **Jobs reported:** 71
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*