# PPP loan: STORAGE EQUIPMENT SYSTEMS, INC.
> **$257K** approved 04/12/2020 · Paid in Full · Loan `4114167101`
## Borrower
- **Name:** STORAGE EQUIPMENT SYSTEMS, INC.
- **Address:** 1475 E Elwood St, PHOENIX, AZ, 85040-1328
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $192K
- **Mortgage interest:** $38K
- **Utilities:** $13K
- **Health care:** $13K
- **Jobs reported:** 24
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*