# PPP loan: PEL-STATE BULK PLANT LLC
> **$1.12M** approved 01/28/2021 · Paid in Full · Loan `7889278301`
## Borrower
- **Name:** PEL-STATE BULK PLANT LLC
- **Address:** 333 Texas St Ste 2121, Shreveport, LA, 71101-3676
- **NAICS:** 424710
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.11M (99%)
- **Forgiveness date:** 07/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.12M
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** Cadence Bank
- **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*