# PPP loan: LACT SERVICE COMPANY INC
> **$181K** approved 01/23/2021 · Paid in Full · Loan `4763448305`
## Borrower
- **Name:** LACT SERVICE COMPANY INC
- **Address:** 3521 Industrial Dr, Hobbs, NM, 88240-1050
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $182K (100%)
- **Forgiveness date:** 06/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $181K
- **Jobs reported:** 15
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*