# PPP loan: STORER EQUIPMENT COMPANY LTD
> **$1.60M** approved 04/07/2020 · Paid in Full · Loan `6889157005`
## Borrower
- **Name:** STORER EQUIPMENT COMPANY LTD
- **Address:** 504 West 67th Street, SHREVEPORT, LA, 71106-3024
- **NAICS:** 238220
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.61M (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Rent:** $200K
- **Utilities:** $200K
- **Jobs reported:** 105
## Lender
- **Originating:** Origin Bank
- **Servicing:** Origin Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*