# PPP loan: POWDER COATING SOLUTIONS LLC
> **$218K** approved 04/27/2020 · Paid in Full · Loan `5239557207`
## Borrower
- **Name:** POWDER COATING SOLUTIONS LLC
- **Address:** 901 W PIERCE ST, CARLSBAD, NM, 88220-5246
- **NAICS:** 811310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $11K
- **Jobs reported:** 15
## Lender
- **Originating:** TBK Bank, SSB
- **Servicing:** TBK Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*