# PPP loan: COLE EQUIPMENT, INC.
> **$329K** approved 04/09/2020 · Paid in Full · Loan `1087107105`
## Borrower
- **Name:** COLE EQUIPMENT, INC.
- **Address:** 2830 RUBIDOUX BLVD, JURUPA VALLEY, CA, 92509-2131
- **NAICS:** 532412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $329K
- **Initial approval:** $329K
- **Forgiven:** $333K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $266K
- **Rent:** $18K
- **Utilities:** $8K
- **Health care:** $30K
- **Debt interest:** $7K
- **Jobs reported:** 22
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*