# PPP loan: LOUISIANA SAFETY SYSTEMS INC
> **$1.50M** approved 04/07/2020 · Paid in Full · Loan `7447987004`
## Borrower
- **Name:** LOUISIANA SAFETY SYSTEMS INC
- **Address:** 2505 SE Evangeline Trwy, LAFAYETTE, LA, 70505-2167
- **NAICS:** 332911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.26M
- **Rent:** $160K
- **Utilities:** $46K
- **Debt interest:** $37K
- **Jobs reported:** 100
## Lender
- **Originating:** b1BANK
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*