# PPP loan: L. B. OFFICE SUPPLIERS, INC.
> **$238K** approved 05/01/2020 · Paid in Full · Loan `2118917709`
## Borrower
- **Name:** L. B. OFFICE SUPPLIERS, INC.
- **Address:** 899 E MANDOLINE AVE, MADISON HEIGHTS, MI, 48071
- **NAICS:** 424120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Rent:** $11K
- **Utilities:** $6K
- **Health care:** $16K
- **Jobs reported:** 23
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*