# PPP loan: L&B INC
> **$292K** approved 01/22/2021 · Paid in Full · Loan `3511178306`
## Borrower
- **Name:** L&B INC
- **Address:** 27605 County 33, Nevis, MN, 56467-4262
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $295K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $292K
- **Jobs reported:** 87
## Lender
- **Originating:** The Citizens National Bank of Park Rapids
- **Servicing:** The Citizens National Bank of Park Rapids (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*