# PPP loan: LUBY'S, INC.
> **$10.00M** approved 04/12/2020 · Paid in Full · Loan `3887697104`
## Borrower
- **Name:** LUBY'S, INC.
- **Address:** 13111 NORTHWEST FREEWAY, HOUSTON, TX, 77040-6307
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $10.12M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.50M
- **Rent:** $2.00M
- **Utilities:** $500K
- **Jobs reported:** 500
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*