# PPP loan: ADVANCED EQUIPMENT RENTAL, LLC
> **$203K** approved 04/15/2020 · Paid in Full · Loan `1330097203`
## Borrower
- **Name:** ADVANCED EQUIPMENT RENTAL, LLC
- **Address:** 3001 MILLS ST, LAFAYETTE, LA, 70507-7012
- **NAICS:** 532420
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $183K
- **Rent:** $11K
- **Utilities:** $3K
- **Health care:** $7K
- **Jobs reported:** 17
## Lender
- **Originating:** Farmers-Merchants Bank & Trust Company
- **Servicing:** Farmers-Merchants Bank & Trust Company (LA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*