# PPP loan: LAXMI DONUTS INC.
> **$176K** approved 04/11/2020 · Paid in Full · Loan `3526547110`
## Borrower
- **Name:** LAXMI DONUTS INC.
- **Address:** 24 Hilgert Ave, Reading, PA, 19607-2320
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $132K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 12
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*