# PPP loan: COLONIAL EQUIPMENT COMPANY
> **$298K** approved 02/03/2021 · Paid in Full · Loan `2368668400`
## Borrower
- **Name:** COLONIAL EQUIPMENT COMPANY
- **Address:** 5171 Intercoastal Ct, Monrovia, MD, 21770-9518
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $298K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*