# PPP loan: LEADERS INDUSTRIES, INC.
> **$344K** approved 04/28/2020 · Paid in Full · Loan `7161327206`
## Borrower
- **Name:** LEADERS INDUSTRIES, INC.
- **Address:** 115 W DUNNAM ST, HOBBS, NM, 88240-6020
- **NAICS:** 624120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $344K
- **Initial approval:** $344K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 23 months
## Use of funds
- **Payroll:** $338K
- **Utilities:** $6K
- **Jobs reported:** 50
## Lender
- **Originating:** Lea County State Bank
- **Servicing:** Lea County State Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*