# PPP loan: MICHAEL BLANCHARD, INC
> **$238K** approved 04/07/2020 · Paid in Full · Loan `7173267002`
## Borrower
- **Name:** MICHAEL BLANCHARD, INC
- **Address:** 314 HOLLYWOOD RD, HOUMA, LA, 70360-2799
- **NAICS:** 423740
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Utilities:** $15K
- **Debt interest:** $28K
- **Jobs reported:** 22
## 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*