# PPP loan: BEARING SERVICE & SUPPLY INC
> **$1.10M** approved 05/01/2020 · Paid in Full · Loan `3225147703`
## Borrower
- **Name:** BEARING SERVICE & SUPPLY INC
- **Address:** 1327 N MARKET ST, SHREVEPORT, LA, 71107
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $972K
- **Rent:** $108K
- **Utilities:** $21K
- **Jobs reported:** 84
## 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*