# PPP loan: BAM HEAVY EQUIPMENT AND REPAIR LLC
> **$222K** approved 04/11/2020 · Paid in Full · Loan `3045567104`
## Borrower
- **Name:** BAM HEAVY EQUIPMENT AND REPAIR LLC
- **Address:** PO BOX 5002, Kingwood, TX, 77325
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $222K
- **Initial approval:** $222K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 18
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*