# PPP loan: ARMAND CONSTRUCTION, INC.
> **$500K** approved 05/01/2020 · Paid in Full · Loan `1081797700`
## Borrower
- **Name:** ARMAND CONSTRUCTION, INC.
- **Address:** 1103 LOPEZ RD, NEW IBERIA, LA, 70560
- **NAICS:** 236220
- **Business type:** —
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $484K
- **Rent:** $3K
- **Utilities:** $699.5
- **Health care:** $11K
- **Jobs reported:** 46
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*