# PPP loan: SMARTEQUIP, INC.
> **$1.20M** approved 04/27/2020 · Paid in Full · Loan `4263227208`
## Borrower
- **Name:** SMARTEQUIP, INC.
- **Address:** 20 GLOVER AVE, NORWALK, CT, 06850-1234
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Jobs reported:** 65
## Lender
- **Originating:** Webster Five Cents Savings Bank
- **Servicing:** Webster Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*