# PPP loan: CAJUN POWER INDUSTRIAL SERVICES
> **$725K** approved 04/28/2020 · Charged Off · Loan `6344277202`
## Borrower
- **Name:** CAJUN POWER INDUSTRIAL SERVICES
- **Address:** 217 OLD FARM RD, BROUSSARD, LA, 70518-4223
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $725K
- **Initial approval:** $725K
- **Forgiven:** $262K (36%)
- **Forgiveness date:** 10/04/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $688K
- **Rent:** $13K
- **Mortgage interest:** $4K
- **Utilities:** $13K
- **Health care:** $8K
- **Jobs reported:** 40
## 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*