# PPP loan: SOUTH PLAINS LAMESA RAILROAD LTD
> **$196K** approved 04/12/2020 · Paid in Full · Loan `4023837106`
## Borrower
- **Name:** SOUTH PLAINS LAMESA RAILROAD LTD
- **Address:** 10917 E FM 2150, SLATON, TX, 79364
- **NAICS:** 488510
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $197K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $147K
- **Rent:** $49K
- **Jobs reported:** 15
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*