# PPP loan: CLOSED LOOP SPECIALTIES LLC
> **$520K** approved 04/09/2020 · Paid in Full · Loan `9457657002`
## Borrower
- **Name:** CLOSED LOOP SPECIALTIES LLC
- **Address:** 7022 Old Cavern Hwy, CARLSBAD, NM, 88220
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $498K (96%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $520K
- **Jobs reported:** 45
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*