# PPP loan: MONTCO POWER SOLUTIONS LLC
> **$605K** approved 04/13/2020 · Paid in Full · Loan `5382467109`
## Borrower
- **Name:** MONTCO POWER SOLUTIONS LLC
- **Address:** 3117 W ADMIRAL DOYLE DR, NEW IBERIA, LA, 70560-9393
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $605K
- **Initial approval:** $605K
- **Forgiven:** $614K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $542K
- **Utilities:** $3K
- **Debt interest:** $60K
- **Jobs reported:** 31
## Lender
- **Originating:** b1BANK
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*