Lotec Inc.

$40,200 PPP Loan in Coppell, Texas

Loan Details

Loan Number
8525248405
Date Approved
Feb 13, 2021
Loan Status
Paid in Full
Initial Approval
$40,200
Current Approval
$40,200
Forgiveness Amount
$39,588
Forgiveness Date
Feb 17, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Lotec Inc.
Address
106 N Denton Tap Rd 210 293
State
Texas
ZIP Code
75019
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332311)
Business Age
Existing or more than 2 years old
Jobs Reported
7
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
TX-24

Loan Use Breakdown

Payroll
$40,198
Utilities
$1

Lender Information

Servicing Lender
First United Bank and Trust Company
Originating Lender
First United Bank and Trust Company

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