# PPP loan: HAGER EQUIPMENT COMPANY OF ALABAMA INC.
> **$175K** approved 04/13/2020 · Paid in Full · Loan `4435597102`
## Borrower
- **Name:** HAGER EQUIPMENT COMPANY OF ALABAMA INC.
- **Address:** 1901 MORGAN RD, BESSEMER, AL, 35022-4851
- **NAICS:** 333131
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Rent:** $3K
- **Mortgage interest:** $5K
- **Utilities:** $13K
- **Debt interest:** $7K
- **Jobs reported:** 15
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*