# PPP loan: AMERICAN EQUIPMENT, LLC
> **$2.06M** approved 05/01/2020 · Paid in Full · Loan `2764037710`
## Borrower
- **Name:** AMERICAN EQUIPMENT, LLC
- **Address:** 451 WEST 3440 SOUTH, SALT LAKE CITY, UT, 84115
- **NAICS:** 423830
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.06M
- **Initial approval:** $2.06M
- **Forgiven:** $2.08M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.62M
- **Rent:** $126K
- **Utilities:** $102K
- **Health care:** $178K
- **Debt interest:** $31K
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*