# PPP loan: R LUTE S INC
> **$232K** approved 01/29/2021 · Paid in Full · Loan `7971188308`
## Borrower
- **Name:** R LUTE S INC
- **Address:** 803 E FM 1462 RD, Rosharon, TX, 77583
- **NAICS:** 332439
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $233K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $232K
- **Jobs reported:** 12
## Lender
- **Originating:** Moody National Bank
- **Servicing:** Moody National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*