# PPP loan: LOR CONSULTING INC.
> **$275K** approved 04/28/2020 · Exemption 4 · Loan `7060157204`
## Borrower
- **Name:** LOR CONSULTING INC.
- **Address:** 25710-A FM 2100, Huffman, TX, 77336
- **NAICS:** 541618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $223K (81%)
- **Forgiveness date:** 08/20/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $233K
- **Rent:** $4K
- **Mortgage interest:** $5K
- **Utilities:** $1K
- **Health care:** $21K
- **Debt interest:** $10K
- **Jobs reported:** 15
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*