# PPP loan: SBI GENERAL & MECHANICAL, INC
> **$1.60M** approved 04/09/2020 · Paid in Full · Loan `8999537001`
## Borrower
- **Name:** SBI GENERAL & MECHANICAL, INC
- **Address:** 87249 590th Ave, WATERBURY, NE, 68785-3024
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.61M (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Rent:** $86K
- **Utilities:** $7K
- **Debt interest:** $7K
- **Jobs reported:** 70
## Lender
- **Originating:** Security Bank
- **Servicing:** Security Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*