# PPP loan: FRANKLEN EQUIPMENT INC
> **$185K** approved 05/01/2020 · Paid in Full · Loan `1199997805`
## Borrower
- **Name:** FRANKLEN EQUIPMENT INC
- **Address:** 2324 WASHINGTON ST, NEW LENOX, IL, 60451
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $185K
- **Initial approval:** $185K
- **Forgiven:** $186K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Jobs reported:** 12
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*