# PPP loan: K & B MACHINE WORKS, LLC
> **$7.54M** approved 04/13/2020 · Paid in Full · Loan `5274077102`
## Borrower
- **Name:** K & B MACHINE WORKS, LLC
- **Address:** 208 REBECCAS POND RD, SCHRIEVER, LA, 70395-3307
- **NAICS:** 332710
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.54M
- **Initial approval:** $7.54M
- **Forgiven:** $7.63M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.35M
- **Rent:** $813K
- **Mortgage interest:** $142K
- **Utilities:** $235K
- **Jobs reported:** 453
## Lender
- **Originating:** b1BANK
- **Servicing:** b1BANK (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*