# PPP loan: SOURCE PRODUCTION & EQUIPMENT CO., INC.
> **$482K** approved 04/10/2020 · Paid in Full · Loan `1216387105`
## Borrower
- **Name:** SOURCE PRODUCTION & EQUIPMENT CO., INC.
- **Address:** 113 Teal St., St. Rose, LA, 70087-4022
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $482K
- **Initial approval:** $482K
- **Forgiven:** $485K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Utilities:** $120K
- **Jobs reported:** 33
## Lender
- **Originating:** First Bank and Trust, A Division of BankPlus
- **Servicing:** BankPlus (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*