# PPP loan: SAVARD MARINE SERVICES, INC.
> **$3.75M** approved 04/15/2020 · Paid in Full · Loan `2192687209`
## Borrower
- **Name:** SAVARD MARINE SERVICES, INC.
- **Address:** 1772 Wooddale Boulevard, BATON ROUGE, LA, 70806-1507
- **NAICS:** 561320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.75M
- **Initial approval:** $3.75M
- **Forgiven:** $3.79M (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Rent:** $200K
- **Utilities:** $50K
- **Jobs reported:** 400
## Lender
- **Originating:** Transportation Alliance Bank, Inc. d/b/a TAB Bank
- **Servicing:** Transportation Alliance Bank, Inc. d/b/a TAB Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*