# PPP loan: ST MARY SUGAR COOPERATIVE INC
> **$1.42M** approved 04/07/2020 · Paid in Full · Loan `7391697000`
## Borrower
- **Name:** ST MARY SUGAR COOPERATIVE INC
- **Address:** 20056 HIGHWAY 182 W, JEANERETTE, LA, 70544-8532
- **NAICS:** 311314
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $683K
- **Rent:** $327K
- **Mortgage interest:** $92K
- **Utilities:** $65K
- **Health care:** $162K
- **Debt interest:** $94K
- **Jobs reported:** 102
## Lender
- **Originating:** The First National Bank of Jeanerette
- **Servicing:** The First National Bank of Jeanerette (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*