# PPP loan: POWER PROCESS & INDUSTRIAL, LLC
> **$1.31M** approved 04/08/2020 · Paid in Full · Loan `8754507005`
## Borrower
- **Name:** POWER PROCESS & INDUSTRIAL, LLC
- **Address:** 19291 LAKE CHARLES HWY, DERIDDER, LA, 70634-8917
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.33M (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $985K
- **Mortgage interest:** $164K
- **Utilities:** $164K
- **Jobs reported:** 77
## Lender
- **Originating:** Verimore Bank
- **Servicing:** Verimore Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*