Bayou State Automotive Group, LLC

$667,156 PPP Loan in La Place, Louisiana

Loan Details

Loan Number
1918987102
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$667,156
Current Approval
$667,156
Forgiveness Amount
$674,309
Forgiveness Date
May 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Bayou State Automotive Group, LLC
Address
555 Belle Terre Blvd
ZIP Code
70068-1718
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
103
Estimated Revenue
$26.0M
Rural/Urban
Urban
Congressional District
LA-02

Loan Use Breakdown

Payroll
$518,452
Rent
$50,000
Utilities
$48,000
Health Care
$50,704

Lender Information

Servicing Lender
Hancock Whitney Bank
Originating Lender
Hancock Whitney Bank

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