# PPP loan: J & B PALLET, LLC
> **$1.03M** approved 04/03/2020 · Paid in Full · Loan `4477787000`
## Borrower
- **Name:** J & B PALLET, LLC
- **Address:** 120 S LAKESHORE DR, LAKE CITY, MN, 55041-1691
- **NAICS:** 321920
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $900K
- **Rent:** $50K
- **Utilities:** $40K
- **Debt interest:** $38K
- **Jobs reported:** 78
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*