# PPP loan: L&G CONCRETE CONSTRUCTION
> **$2.51M** approved 04/04/2020 · Paid in Full · Loan `4639017007`
## Borrower
- **Name:** L&G CONCRETE CONSTRUCTION
- **Address:** 2100 W. Expressway 83, MERCEDES, TX, 78570-9764
- **NAICS:** 238110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.51M
- **Initial approval:** $2.51M
- **Forgiven:** $2.54M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.89M
- **Mortgage interest:** $314K
- **Utilities:** $314K
- **Jobs reported:** 250
## Lender
- **Originating:** Texas National Bank
- **Servicing:** Texas National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*