# PPP loan: LBISAT LLC
> **$311K** approved 04/28/2020 · Paid in Full · Loan `9189837207`
## Borrower
- **Name:** LBISAT LLC
- **Address:** 10288 S. Jordan Gateway, Suite K, South Jordan, UT, 84095
- **NAICS:** 517410
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $311K
- **Initial approval:** $311K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 05/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Rent:** $25K
- **Utilities:** $12K
- **Jobs reported:** 16
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*