# PPP loan: TUTTIE'S MACHINE & SUPPLY INC.
> **$294K** approved 04/09/2020 · Paid in Full · Loan `8978107002`
## Borrower
- **Name:** TUTTIE'S MACHINE & SUPPLY INC.
- **Address:** 1604 JANE ST, NEW IBERIA, LA, 70563-1415
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Mortgage interest:** $1K
- **Utilities:** $12K
- **Jobs reported:** 18
## Lender
- **Originating:** b1BANK
- **Servicing:** b1BANK (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*