# PPP loan: LOADMASTER DERRICK & EQUIPMENT INC
> **$1.39M** approved 02/04/2021 · Paid in Full · Loan `2855748408`
## Borrower
- **Name:** LOADMASTER DERRICK & EQUIPMENT INC
- **Address:** 1084 CRUSE AVE, BROUSSARD, LA, 70518
- **NAICS:** 333132
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.41M (102%)
- **Forgiveness date:** 08/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.39M
- **Utilities:** $1
- **Jobs reported:** 111
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*