# PPP loan: LB PIPE & COUPLING PRODUCTS, LLC
> **$427K** approved 04/14/2020 · Paid in Full · Loan `6312787110`
## Borrower
- **Name:** LB PIPE & COUPLING PRODUCTS, LLC
- **Address:** 21220 FM 1488, MAGNOLIA, TX, 77355
- **NAICS:** 333132
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $342K
- **Mortgage interest:** $43K
- **Utilities:** $43K
- **Jobs reported:** 41
## Lender
- **Originating:** Gulf Capital Bank
- **Servicing:** Gulf Capital Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*