# PPP loan: PRODUCTION EQUIPMENT CO
> **$264K** approved 01/20/2021 · Paid in Full · Loan `1917888308`
## Borrower
- **Name:** PRODUCTION EQUIPMENT CO
- **Address:** 401 Liberty St, Meriden, CT, 06450-4528
- **NAICS:** 333923
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $264K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Ion Bank
- **Servicing:** Ion Bank (CT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*