# PPP loan: PRESTON EQUIPMENT COMPANY
> **$292K** approved 02/19/2021 · Paid in Full · Loan `1701578506`
## Borrower
- **Name:** PRESTON EQUIPMENT COMPANY
- **Address:** 21144 US 52, Preston, MN, 55965-1470
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $293K (100%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $292K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** F & M Community Bank, National Association
- **Servicing:** F & M Community Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*