# PPP loan: ARLINGTON POWER EQUIPMENT, INC.
> **$341K** approved 03/16/2021 · Paid in Full · Loan `3161348602`
## Borrower
- **Name:** ARLINGTON POWER EQUIPMENT, INC.
- **Address:** 20175 N Rand Rd, Palatine, IL, 60074-2062
- **NAICS:** 444210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 02/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $340K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*