# PPP loan: GOBBLE-FITE LUMBER CO., INC.
> **$406K** approved 04/06/2020 · Paid in Full · Loan `5705997001`
## Borrower
- **Name:** GOBBLE-FITE LUMBER CO., INC.
- **Address:** 302 Wilson Street NW, DECATUR, AL, 35601-1364
- **NAICS:** 423310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $409K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $325K
- **Mortgage interest:** $72K
- **Utilities:** $9K
- **Jobs reported:** 43
## Lender
- **Originating:** Bank Independent
- **Servicing:** Bank Independent (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*