# PPP loan: LOMAX CONSTRUCTION INCORPORATED
> **$360K** approved 02/24/2021 · Paid in Full · Loan `3589218501`
## Borrower
- **Name:** LOMAX CONSTRUCTION INCORPORATED
- **Address:** 8517A Norcross Rd, Colfax, NC, 27235-8703
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $360K
- **Initial approval:** $360K
- **Forgiven:** $363K (101%)
- **Forgiveness date:** 03/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $360K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*