# PPP loan: LSI SOLUTIONS, INC.
> **$6.50M** approved 04/14/2020 · Paid in Full · Loan `7241777103`
## Borrower
- **Name:** LSI SOLUTIONS, INC.
- **Address:** 7796 Victor Mendon Road, VICTOR, NY, 14564
- **NAICS:** 541715
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.50M
- **Initial approval:** $6.87M
- **Forgiven:** $6.57M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.50M
- **Jobs reported:** 403
## Lender
- **Originating:** Five Star Bank
- **Servicing:** Five Star Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*