# PPP loan: L. B. TRANSPORT, INC.
> **$481K** approved 04/14/2020 · Paid in Full · Loan `7888857104`
## Borrower
- **Name:** L. B. TRANSPORT, INC.
- **Address:** 615 1ST AVE NE, BUFFALO CENTER, IA, 50424-7687
- **NAICS:** 488490
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $481K
- **Initial approval:** $481K
- **Forgiven:** $484K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $475K
- **Rent:** $4K
- **Utilities:** $2K
- **Jobs reported:** 38
## Lender
- **Originating:** Arcadian Bank
- **Servicing:** Arcadian Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*