# PPP loan: LAP AUTO TRANSPORT INC.
> **$380K** approved 04/05/2020 · Paid in Full · Loan `5110377004`
## Borrower
- **Name:** LAP AUTO TRANSPORT INC.
- **Address:** 2720 COMMODORE DR Suite 150, CARROLLTON, TX, 75007-4400
- **NAICS:** 485999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $380K
- **Initial approval:** $380K
- **Forgiven:** $384K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Rent:** $70K
- **Utilities:** $10K
- **Health care:** $25K
- **Jobs reported:** 30
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*