# PPP loan: PREMIER EQUIPMENT CORP INC.
> **$950K** approved 04/11/2020 · Paid in Full · Loan `2989407105`
## Borrower
- **Name:** PREMIER EQUIPMENT CORP INC.
- **Address:** 13918 Airline Highway, BATON ROUGE, LA, 70817-5927
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Startup, Loan Funds will Open Business
## Loan
- **Approval amount:** $950K
- **Initial approval:** $950K
- **Forgiven:** $961K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $660K
- **Rent:** $162K
- **Utilities:** $28K
- **Health care:** $100K
- **Jobs reported:** 70
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*