# PPP loan: AMERICAN STATE EQUIPMENT CO INC
> **$1.88M** approved 04/13/2020 · Paid in Full · Loan `4196907101`
## Borrower
- **Name:** AMERICAN STATE EQUIPMENT CO INC
- **Address:** 2055 S 108 ST, MILWAUKEE, WI, 53227-1103
- **NAICS:** 423810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.88M
- **Initial approval:** $1.88M
- **Forgiven:** $1.89M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.88M
- **Jobs reported:** 90
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*