# PPP loan: LPT, INC.
> **$400K** approved 04/09/2020 · Paid in Full · Loan `9957527005`
## Borrower
- **Name:** LPT, INC.
- **Address:** PO Box 59878, DALLAS, TX, 75229
- **NAICS:** 561730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Utilities:** $100K
- **Jobs reported:** 43
## Lender
- **Originating:** Gulf Coast Bank and Trust Company
- **Servicing:** Gulf Coast Bank and Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*