ADVANCED EQUIPMENT RENTAL, LLC (LA) - 2020 PPP Loan Borrower Profile (# 1330097203)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED EQUIPMENT RENTAL, LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Louisiana.

Loan Detail

Loan Number

1330097203

SBA Office Code

0679

Processing Method

PPP

Curent Loan Amount

$202,885

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$204,680.39

Date Loan was Forgiven

Mar 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,584

Payroll Proced

182,932

Rent Proceed

10,576

Health Care Proceed

6,793

Lender

Farmers-Merchants Bank & Trust Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

532420

Borrower Location

LAFAYETTE, LA

Project Location

LAFAYETTE, LA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.