# PPP loan: ELAN ENERGY PARTNERS, LLC
> **$585K** approved 04/27/2020 · Exemption 4 · Loan `5532157204`
## Borrower
- **Name:** ELAN ENERGY PARTNERS, LLC
- **Address:** 6606 FM 1488 RD, MAGNOLIA, TX, 77354
- **NAICS:** 541618
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $585K
- **Initial approval:** $585K
- **Forgiven:** $87K (15%)
- **Forgiveness date:** 03/25/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $585K
- **Jobs reported:** 40
## Lender
- **Originating:** Plains State Bank
- **Servicing:** Plains State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*