# PPP loan: LAMBCON, INC
> **$1.04M** approved 04/10/2020 · Paid in Full · Loan `1326747107`
## Borrower
- **Name:** LAMBCON, INC
- **Address:** 65 2nd St, CLEVELAND, TN, 37311-5308
- **NAICS:** 327320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $914K
- **Health care:** $128K
- **Jobs reported:** 87
## Lender
- **Originating:** Bank of Cleveland
- **Servicing:** Bank of Cleveland (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*