# PPP loan: T.L. HUGHES ENTERPRISES INC.
> **$223K** approved 04/13/2020 · Paid in Full · Loan `4317997103`
## Borrower
- **Name:** T.L. HUGHES ENTERPRISES INC.
- **Address:** 13836 E MORGAN DR, GILBERT, AZ, 85295-5208
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 09/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Utilities:** $56K
- **Jobs reported:** 18
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*