# PPP loan: CORRECT EQUIPMENT, INC.
> **$255K** approved 04/27/2020 · Paid in Full · Loan `4355877201`
## Borrower
- **Name:** CORRECT EQUIPMENT, INC.
- **Address:** 14576 NE 95TH STREET, REDMOND, WA, 98052
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $257K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Jobs reported:** 15
## Lender
- **Originating:** Washington Federal Bank d/b/a WaFd Bank
- **Servicing:** Washington Federal Bank d/b/a WaFd Bank (WA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*