# PPP loan: POWER RIG RENTAL TOOL INC
> **$341K** approved 04/10/2020 · Paid in Full · Loan `1282467103`
## Borrower
- **Name:** POWER RIG RENTAL TOOL INC
- **Address:** 2222 W WILLOW ST, SCOTT, LA, 70583-5220
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $341K
- **Jobs reported:** 18
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*