# PPP loan: LUNG THERAPEUTICS INC
> **$250K** approved 04/14/2020 · Paid in Full · Loan `6341897107`
## Borrower
- **Name:** LUNG THERAPEUTICS INC
- **Address:** 2600 VIA FORTUNA suite 360, AUSTIN, TX, 78746-7983
- **NAICS:** 541715
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Mortgage interest:** $31K
- **Utilities:** $31K
- **Jobs reported:** 10
## Lender
- **Originating:** Ciera Bank
- **Servicing:** Ciera Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*