# PPP loan: KROPP EQUIPMENT INC
> **$277K** approved 01/22/2021 · Paid in Full · Loan `3913238303`
## Borrower
- **Name:** KROPP EQUIPMENT INC
- **Address:** 1020 Kennedy Ave, Schererville, IN, 46375-1368
- **NAICS:** 532412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $277K
- **Initial approval:** $277K
- **Forgiven:** $279K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $277K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*