Luby's, Inc.

$10,000,000 PPP Loan in Houston, Texas

Loan Details

Loan Number
3887697104
Date Approved
Apr 12, 2020
Loan Status
Paid in Full
Initial Approval
$10,000,000
Current Approval
$10,000,000
Forgiveness Amount
$10,118,630
Forgiveness Date
Jun 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Luby's, Inc.
Address
13111 Northwest Freeway
State
Texas
ZIP Code
77040-6307
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722513)
Business Age
Existing or more than 2 years old
Jobs Reported
500
Estimated Revenue
$88.8M
Rural/Urban
Urban
Congressional District
TX-18

Loan Use Breakdown

Payroll
$7,500,000
Rent
$2,000,000
Utilities
$500,000

Lender Information

Servicing Lender
Texas Capital Bank
Originating Lender
Texas Capital Bank

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