# PPP loan: LSEC, L.L.C.
> **$300K** approved 04/15/2020 · Paid in Full · Loan `9632907101`
## Borrower
- **Name:** LSEC, L.L.C.
- **Address:** 5886 Mount Olive Rd, ADKINS, TX, 78101
- **NAICS:** 924120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Rent:** $45K
- **Utilities:** $30K
- **Jobs reported:** 47
## Lender
- **Originating:** Texas Partners Bank
- **Servicing:** Texas Partners Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*