# PPP loan: LOUTEX CONTRACTORS INC.
> **$320K** approved 01/23/2021 · Paid in Full · Loan `4502868304`
## Borrower
- **Name:** LOUTEX CONTRACTORS INC.
- **Address:** 237 County Road 451, Carthage, TX, 75633-8205
- **NAICS:** 237120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $320K
- **Jobs reported:** 23
## Lender
- **Originating:** b1BANK
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*