Shallow Water Equipment LLC

$343,800 PPP Loan in Morgan City, Louisiana

Loan Details

Loan Number
4328717106
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$343,800
Current Approval
$343,800
Forgiveness Amount
$346,092
Forgiveness Date
Dec 14, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Shallow Water Equipment LLC
Address
1052 Lake Palourde Rd
ZIP Code
70380-6300
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Construction (238910)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$7.5M
Rural/Urban
Urban
Congressional District
LA-06

Loan Use Breakdown

Payroll
$289,273
Rent
$9,400
Utilities
$8,729
Health Care
$21,683
Mortgage Interest
$2,199
Debt Interest
$12,516

Lender Information

Servicing Lender
Hancock Whitney Bank
Originating Lender
Hancock Whitney Bank

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