# PPP loan: COBURN EQUIPMENT RENTAL INC.
> **$1.36M** approved 04/10/2020 · Paid in Full · Loan `2427117110`
## Borrower
- **Name:** COBURN EQUIPMENT RENTAL INC.
- **Address:** 13930 OAKS AVE, CHINO, CA, 91710-7010
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.44M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Utilities:** $100K
- **Health care:** $172K
- **Jobs reported:** 170
## Lender
- **Originating:** Chino Commercial Bank, N.A.
- **Servicing:** Chino Commercial Bank, N.A. (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*