# PPP loan: L & B PIPE AND SUPPLY COMPANY
> **$326K** approved 04/11/2020 · Paid in Full · Loan `3547037109`
## Borrower
- **Name:** L & B PIPE AND SUPPLY COMPANY
- **Address:** 22515 S Western Ave, Torrance, CA, 90501-4948
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $326K
- **Initial approval:** $326K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $326K
- **Jobs reported:** 28
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*