# PPP loan: LR PIPE & COMPLETION PRODUCTS INC.
> **$445K** approved 04/15/2020 · Paid in Full · Loan `9011417104`
## Borrower
- **Name:** LR PIPE & COMPLETION PRODUCTS INC.
- **Address:** 38927 FM 1774 RD, MAGNOLIA, TX, 77355-3111
- **NAICS:** 332996
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $445K
- **Initial approval:** $445K
- **Forgiven:** $449K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $417K
- **Rent:** $18K
- **Utilities:** $11K
- **Jobs reported:** 37
## Lender
- **Originating:** First National Bank of Anderson
- **Servicing:** First National Bank of Anderson (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*