# PPP loan: IBC CARPENTRY, LLC
> **$865K** approved 04/04/2020 · Paid in Full · Loan `4928607003`
## Borrower
- **Name:** IBC CARPENTRY, LLC
- **Address:** 2320 NE Independence Ave, LEES SUMMIT, MO, 64064-2320
- **NAICS:** 238350
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $865K
- **Initial approval:** $865K
- **Forgiven:** $873K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $852K
- **Rent:** $11K
- **Utilities:** $2K
- **Jobs reported:** 49
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*