# PPP loan: OIL EQUIPMENT INC
> **$571K** approved 04/03/2020 · Paid in Full · Loan `4441167000`
## Borrower
- **Name:** OIL EQUIPMENT INC
- **Address:** 4701 LIEN RD, MADISON, WI, 53704-3616
- **NAICS:** 333132
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $571K
- **Initial approval:** $571K
- **Forgiven:** $574K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $487K
- **Rent:** $60K
- **Utilities:** $24K
- **Jobs reported:** 54
## Lender
- **Originating:** Lake Ridge Bank
- **Servicing:** Lake Ridge Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*