# PPP loan: RAY LABBE & SONS INC.
> **$483K** approved 01/31/2021 · Paid in Full · Loan `9923628303`
## Borrower
- **Name:** RAY LABBE & SONS INC.
- **Address:** 4 Highland Rd, Brunswick, ME, 04011-7212
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $483K
- **Initial approval:** $483K
- **Forgiven:** $485K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $483K
- **Jobs reported:** 38
## Lender
- **Originating:** Bath Savings Institution
- **Servicing:** Bath Savings Institution (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*