# PPP loan: R & R BOATS INC
> **$358K** approved 04/06/2020 · Paid in Full · Loan `6157497007`
## Borrower
- **Name:** R & R BOATS INC
- **Address:** 265 COMPANY CANAL RD, BOURG, LA, 70343-3819
- **NAICS:** 483113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $361K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $286K
- **Utilities:** $5K
- **Health care:** $16K
- **Debt interest:** $51K
- **Jobs reported:** 40
## Lender
- **Originating:** South Louisiana Bank
- **Servicing:** South Louisiana Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*