# PPP loan: FLO-BACK EQUIPMENT INC.
> **$1.82M** approved 01/20/2021 · Charged Off · Loan `1847208307`
## Borrower
- **Name:** FLO-BACK EQUIPMENT INC.
- **Address:** 4000 N Broadway, Minot, ND, 58703-0468
- **NAICS:** 532412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.82M
- **Initial approval:** $1.82M
- **Forgiven:** $1.40M (77%)
- **Forgiveness date:** 04/13/2022
- **Status:** Charged Off
- **Term:** 23 months
## Use of funds
- **Payroll:** $1.82M
- **Utilities:** $1
- **Jobs reported:** 75
## Lender
- **Originating:** Starion Bank
- **Servicing:** Starion Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*