# PPP loan: LC 1497 LLC
> **$158K** approved 04/05/2020 · Paid in Full · Loan `5564547001`
## Borrower
- **Name:** LC 1497 LLC
- **Address:** 2601 ADMIRAL KING ST, LAKE CHARLES, LA, 70615-6901
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $140K (89%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $126K
- **Rent:** $23K
- **Utilities:** $9K
- **Jobs reported:** 43
## Lender
- **Originating:** Texas Bank and Trust Company
- **Servicing:** Texas Bank and Trust Company (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*