# PPP loan: BABB LUMBER COMPANY INC.
> **$199K** approved 02/05/2021 · Paid in Full · Loan `3896748409`
## Borrower
- **Name:** BABB LUMBER COMPANY INC.
- **Address:** 6652 Highway 41, Ringgold, GA, 30736-2644
- **NAICS:** 321114
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 11/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $199K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Builtwell Bank
- **Servicing:** Builtwell Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*