# PPP loan: LOFTECH HOMES LLC
> **$465K** approved 04/04/2020 · Charged Off · Loan `4870237006`
## Borrower
- **Name:** LOFTECH HOMES LLC
- **Address:** 8 GREENWAY PLZ, HOUSTON, TX, 77046-0800
- **NAICS:** 236116
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $465K
- **Initial approval:** $465K
- **Forgiven:** $403K (87%)
- **Forgiveness date:** 05/21/2021
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $349K
- **Rent:** $116K
- **Jobs reported:** 18
## Lender
- **Originating:** Wallis Bank
- **Servicing:** Wallis Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*