# PPP loan: WOOD RESOURCES, LLC
> **$1.56M** approved 04/07/2020 · Paid in Full · Loan `7007807003`
## Borrower
- **Name:** WOOD RESOURCES, LLC
- **Address:** 5821 RIVER RD, Avondale, LA, 70094-2753
- **NAICS:** 212322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.57M (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Rent:** $226K
- **Mortgage interest:** $35K
- **Utilities:** $5K
- **Health care:** $38K
- **Debt interest:** $8K
- **Jobs reported:** 102
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*