# PPP loan: PLATINUM CHEMICALS, LLC
> **$251K** approved 04/13/2020 · Paid in Full · Loan `5395707108`
## Borrower
- **Name:** PLATINUM CHEMICALS, LLC
- **Address:** 1129 HIGHWAY 90 E, BROUSSARD, LA, 70518-6155
- **NAICS:** 325110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Mortgage interest:** $17K
- **Utilities:** $5K
- **Jobs reported:** 15
## Lender
- **Originating:** Community First Bank
- **Servicing:** Community First Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*