# PPP loan: EAGLE INDUSTRIAL EQUIPMENT INC
> **$437K** approved 04/09/2020 · Paid in Full · Loan `9741257008`
## Borrower
- **Name:** EAGLE INDUSTRIAL EQUIPMENT INC
- **Address:** 230 N BARRIOS ST, LOCKPORT, LA, 70374-2204
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $437K
- **Initial approval:** $437K
- **Forgiven:** $443K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $336K
- **Rent:** $19K
- **Utilities:** $4K
- **Health care:** $57K
- **Debt interest:** $20K
- **Jobs reported:** 43
## Lender
- **Originating:** Synergy Bank
- **Servicing:** Synergy Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*