# PPP loan: B & G TRANSPORTATION INC
> **$243K** approved 03/01/2021 · Paid in Full · Loan `5531798507`
## Borrower
- **Name:** B & G TRANSPORTATION INC
- **Address:** 5424 N Energy Place, Hobbs, NM, 88240
- **NAICS:** 485510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $243K
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** Lea County State Bank
- **Servicing:** Lea County State Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*