# PPP loan: LPE INC.
> **$189K** approved 04/14/2020 · Paid in Full · Loan `5862547108`
## Borrower
- **Name:** LPE INC.
- **Address:** 8405 SAN DARIO AVE, LAREDO, TX, 78045-7215
- **NAICS:** 517919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $192K (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $142K
- **Rent:** $24K
- **Utilities:** $24K
- **Jobs reported:** 10
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*