# PPP loan: LUSCOMBE ENGINEERING, INC
> **$587K** approved 04/27/2020 · Paid in Full · Loan `3693167209`
## Borrower
- **Name:** LUSCOMBE ENGINEERING, INC
- **Address:** 15300 North 90th Street #900, Scottsdale, AZ, 85260
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $592K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $470K
- **Rent:** $41K
- **Utilities:** $18K
- **Health care:** $59K
- **Jobs reported:** 31
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*