# PPP loan: K G B INC.
> **$391K** approved 04/06/2020 · Paid in Full · Loan `6264707004`
## Borrower
- **Name:** K G B INC.
- **Address:** 200 N. MAIN ST, CHARLES CITY, IA, 50616-2017
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $391K
- **Initial approval:** $391K
- **Forgiven:** $396K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $313K
- **Rent:** $39K
- **Utilities:** $39K
- **Jobs reported:** 135
## Lender
- **Originating:** First Security Bank & Trust Company
- **Servicing:** First Security Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*