# PPP loan: MBE, INC
> **$597K** approved 06/29/2020 · Paid in Full · Loan `5983458010`
## Borrower
- **Name:** MBE, INC
- **Address:** 1014 Sherwood Road, NORFOLK, NE, 68701-9060
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $597K
- **Initial approval:** $597K
- **Forgiven:** $600K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $550K
- **Rent:** $20K
- **Utilities:** $27K
- **Jobs reported:** 28
## Lender
- **Originating:** Elkhorn Valley Bank & Trust
- **Servicing:** Elkhorn Valley Bank & Trust (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*