# PPP loan: PRODUCTION EQUIPMENT COMPANY
> **$298K** approved 04/29/2020 · Paid in Full · Loan `3124867305`
## Borrower
- **Name:** PRODUCTION EQUIPMENT COMPANY
- **Address:** 401 LIBERTY ST, MERIDEN, CT, 06450-4528
- **NAICS:** 333923
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Jobs reported:** 19
## Lender
- **Originating:** Ion Bank
- **Servicing:** Ion Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*