# PPP loan: LB INDUSTRIES INC
> **$229K** approved 03/17/2021 · Paid in Full · Loan `3607718601`
## Borrower
- **Name:** LB INDUSTRIES INC
- **Address:** 16209 Minnesota Ave, Paramount, CA, 90723-4915
- **NAICS:** 323113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $233K (102%)
- **Forgiveness date:** 12/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $229K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*