# PPP loan: LMS, INC.
> **$395K** approved 04/09/2020 · Paid in Full · Loan `9115827005`
## Borrower
- **Name:** LMS, INC.
- **Address:** 806 WASHINGTON AVE, OCEAN SPRINGS, MS, 39564-4638
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $395K
- **Initial approval:** $395K
- **Forgiven:** $398K (101%)
- **Forgiveness date:** 02/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $310K
- **Utilities:** $60K
- **Health care:** $25K
- **Jobs reported:** 34
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*