# PPP loan: INDUSTRIAL PARTS SPECIALTIES LLC
> **$1.19M** approved 02/12/2021 · Paid in Full · Loan `7475258404`
## Borrower
- **Name:** INDUSTRIAL PARTS SPECIALTIES LLC
- **Address:** 630 Lot Rd, Port Allen, LA, 70767-3475
- **NAICS:** 423840
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.19M
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** Red River Bank
- **Servicing:** Red River Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*