# PPP loan: KOENIG EQUIPMENT INC
> **$3.97M** approved 04/15/2020 · Paid in Full · Loan `1431487201`
## Borrower
- **Name:** KOENIG EQUIPMENT INC
- **Address:** 15213 St Route 274, BOTKINS, OH, 45306
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.97M
- **Initial approval:** $3.24M
- **Forgiven:** $4.01M (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.97M
- **Jobs reported:** 319
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*