# PPP loan: LBU, INC
> **$581K** approved 04/14/2020 · Paid in Full · Loan `5874157106`
## Borrower
- **Name:** LBU, INC
- **Address:** 733 4th Ave, PATERSON, NJ, 07524
- **NAICS:** 315990
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $581K
- **Initial approval:** $581K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $581K
- **Jobs reported:** 71
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*