# PPP loan: LBP LP
> **$344K** approved 04/29/2020 · Paid in Full · Loan `3663387302`
## Borrower
- **Name:** LBP LP
- **Address:** 4001 MCPHERSON RD SUITE 202, LAREDO, TX, 78041
- **NAICS:** 453310
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $344K
- **Initial approval:** $344K
- **Forgiven:** $348K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $266K
- **Rent:** $30K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Health care:** $9K
- **Jobs reported:** 64
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*