# PPP loan: PAYNE INDUSTRIES, LLC
> **$460K** approved 04/07/2020 · Paid in Full · Loan `6681757009`
## Borrower
- **Name:** PAYNE INDUSTRIES, LLC
- **Address:** 302 W HOPKINS STREET SUITE 1A, SAN MARCOS, TX, 78666-4404
- **NAICS:** 541370
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $460K
- **Initial approval:** $460K
- **Forgiven:** $463K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $410K
- **Rent:** $25K
- **Utilities:** $10K
- **Debt interest:** $15K
- **Jobs reported:** 33
## Lender
- **Originating:** Citizens State Bank
- **Servicing:** Citizens State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*