# PPP loan: LAFAYETTE STEEL ERECTOR, LLC
> **$2.34M** approved 04/03/2020 · Paid in Full · Loan `4564787009`
## Borrower
- **Name:** LAFAYETTE STEEL ERECTOR, LLC
- **Address:** 313 Westgate Rd, LAFAYETTE, LA, 70506-2714
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.34M
- **Initial approval:** $2.34M
- **Forgiven:** $2.37M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.34M
- **Jobs reported:** 137
## Lender
- **Originating:** Rayne State Bank & Trust Company
- **Servicing:** Rayne State Bank & Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*