# PPP loan: J&B LAKELAND LOGISTICS
> **$395K** approved 04/03/2020 · Paid in Full · Loan `4504177001`
## Borrower
- **Name:** J&B LAKELAND LOGISTICS
- **Address:** 120 SOUTH LAKESHORE DRIVE, 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:** $395K
- **Initial approval:** $395K
- **Forgiven:** $398K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Rent:** $44K
- **Mortgage interest:** $5K
- **Utilities:** $6K
- **Jobs reported:** 67
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*