# PPP loan: RUSSELL MINERAL EQUIPMENT INC.
> **$204K** approved 06/10/2020 · Paid in Full · Loan `1556157908`
## Borrower
- **Name:** RUSSELL MINERAL EQUIPMENT INC.
- **Address:** 6132 S 380 W, SALT LAKE CITY, UT, 84107-6988
- **NAICS:** 333131
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $204K
- **Jobs reported:** 11
## Lender
- **Originating:** University First FCU
- **Servicing:** University First FCU (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*