# PPP loan: LBK TRANSPORTATION COMPANY INC
> **$497K** approved 04/05/2020 · Paid in Full · Loan `5180427001`
## Borrower
- **Name:** LBK TRANSPORTATION COMPANY INC
- **Address:** 106 SYLVAN ST, DANVERS, MA, 01923-3622
- **NAICS:** 485999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $497K
- **Jobs reported:** 135
## Lender
- **Originating:** North Shore Bank, a Co-operative Bank
- **Servicing:** North Shore Bank, a Co-operative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*