PPP Loan information for K & b machine works, llc

$7,540,470

K & b machine works, llc was initially approved for PPP Loan of amount $7,540,200, the current approved amount is $7,540,470. The loan was approved on 04/13/2020 by The b1BANK reported 453 jobs and $7,540,470 was used to fund payroll.

K & b machine works, llc is Existing or more than 2 years old

K & B MACHINE WORKS, LLC

Date Approved

04/13/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

K & B MACHINE WORKS, LLC

Borrower Address

208 REBECCAS POND RD

Borrower City

SCHRIEVER

Borrower State

LA

Borrower Zip

70395-3307

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

7540200.00

Current Approval Amount

7540470.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

437878

Servicing Lender Name

b1BANK

Servicing Lender Address

500 Laurel St, Ste 101

Servicing Lender City

BATON ROUGE

Servicing Lender State

LA

Servicing Lender Zip

70801-1811

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SCHRIEVER

Project County Name

TERREBONNE

Project State

LA

Project Zip

70395-3307

CD

LA-06

Jobs Reported

453

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

234770.00

Payroll Proceed

6350200.00

Mortgage Interest Proceed

142300.00

Rent Proceed

813200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

437878

Originating Lender

b1BANK

Originating Lender City

BATON ROUGE

Originating Lender State

LA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

7628442.15

Forgiveness Date

06/11/2021

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