ADVANCED EQUIPMENT RENTAL LLC (LA) - 2020 PPP Loan Borrower Profile (# 6080048303)

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

6080048303

SBA Office Code

0679

Processing Method

PPS

Curent Loan Amount

$202,885

Date Loan was Approved

Jan 26, 2021

Amount Forgiven

$203,980.02

Date Loan was Forgiven

Oct 4, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

202,883

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

187

Business Age Description

Existing or more than 2 years old

Data Source: SBA.