# PPP loan: IBX LUMBER, LLC
> **$255K** approved 04/07/2020 · Paid in Full · Loan `6700137007`
## Borrower
- **Name:** IBX LUMBER, LLC
- **Address:** 367 MAINSTEM RD, PANTEGO, NC, 27860-9212
- **NAICS:** 321113
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $259K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Utilities:** $26K
- **Jobs reported:** 32
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*