# PPP loan: TEX-LA LOGISTICS, INC.
> **$450K** approved 05/01/2020 · Exemption 4 · Loan `9492397710`
## Borrower
- **Name:** TEX-LA LOGISTICS, INC.
- **Address:** 3806 ELMWOOD AVE, BERWYN, IL, 60402
- **NAICS:** 488999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $23K (5%)
- **Forgiveness date:** 12/18/2023
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $450K
- **Jobs reported:** 16
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*