# PPP loan: RASMUSSEN EQUIPMENT COMPANY
> **$591K** approved 04/15/2020 · Paid in Full · Loan `1481907205`
## Borrower
- **Name:** RASMUSSEN EQUIPMENT COMPANY
- **Address:** 3333 W 2100 S, SALT LAKE CITY, UT, 84109-2608
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $591K
- **Initial approval:** $591K
- **Forgiven:** $596K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $591K
- **Jobs reported:** 45
## Lender
- **Originating:** Continental Bank
- **Servicing:** Continental Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*