# PPP loan: LO3 ENERGY
> **$591K** approved 04/15/2020 · Paid in Full · Loan `9670107109`
## Borrower
- **Name:** LO3 ENERGY
- **Address:** 1300 NW Northrup Street 3rd Floor, Portland, OR, 97209
- **NAICS:** 541690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $591K
- **Initial approval:** $591K
- **Forgiven:** $598K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $525K
- **Rent:** $64K
- **Utilities:** $2K
- **Jobs reported:** 21
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*