# PPP loan: BANKS ENGINEERING INC
> **$193K** approved 04/10/2020 · Paid in Full · Loan `1995507102`
## Borrower
- **Name:** BANKS ENGINEERING INC
- **Address:** 1211 Jessamine Station, NICHOLASVILLE, KY, 40356-2312
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $176K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $174K
- **Rent:** $14K
- **Utilities:** $2K
- **Health care:** $3K
- **Jobs reported:** 14
## Lender
- **Originating:** City National Bank of West Virginia
- **Servicing:** City National Bank of West Virginia (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*