# PPP loan: LB3, LLC
> **$190K** approved 04/04/2020 · Paid in Full · Loan `4865847007`
## Borrower
- **Name:** LB3, LLC
- **Address:** 63 County Road 206, WEDOWEE, AL, 36278-3630
- **NAICS:** 484121
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $190K
- **Initial approval:** $190K
- **Forgiven:** $193K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $179K
- **Mortgage interest:** $8K
- **Utilities:** $3K
- **Jobs reported:** 19
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*