# PPP loan: LANE DISTRIBUTING, INC.
> **$401K** approved 04/08/2020 · Paid in Full · Loan `8453047005`
## Borrower
- **Name:** LANE DISTRIBUTING, INC.
- **Address:** 46750 Port Street, PLYMOUTH, MI, 48170-6035
- **NAICS:** 493110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $401K
- **Initial approval:** $401K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $401K
- **Jobs reported:** 40
## Lender
- **Originating:** Peoples National Bank of Kewanee
- **Servicing:** Peoples National Bank of Kewanee (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*