# PPP loan: LQC OPERATINS LLC D/B/A LQC PIPE & SUPPLY
> **$699K** approved 04/06/2020 · Paid in Full · Loan `6451057005`
## Borrower
- **Name:** LQC OPERATINS LLC D/B/A LQC PIPE & SUPPLY
- **Address:** 6410 Langfield Rd Building X, HOUSTON, TX, 77092-1000
- **NAICS:** 423510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $699K
- **Initial approval:** $699K
- **Forgiven:** $706K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $559K
- **Mortgage interest:** $70K
- **Utilities:** $70K
- **Jobs reported:** 34
## 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*