# PPP loan: UTILITY EQUIPMENT COMPANY
> **$657K** approved 04/15/2020 · Paid in Full · Loan `1360247201`
## Borrower
- **Name:** UTILITY EQUIPMENT COMPANY
- **Address:** 3739 State Street, BETTENDORF, IA, 52722
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $657K
- **Initial approval:** $657K
- **Forgiven:** $663K (101%)
- **Forgiveness date:** 03/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $657K
- **Jobs reported:** 50
## Lender
- **Originating:** Quad City Bank and Trust Company
- **Servicing:** Quad City Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*