# PPP loan: ALLIED EQUIPMENT INC
> **$626K** approved 02/26/2021 · Charged Off · Loan `4505078505`
## Borrower
- **Name:** ALLIED EQUIPMENT INC
- **Address:** 8000 Golder Ave, Odessa, TX, 79764-2330
- **NAICS:** 324191
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $626K
- **Initial approval:** $626K
- **Forgiven:** $151K (24%)
- **Forgiveness date:** 10/31/2022
- **Status:** Charged Off
- **Term:** 40 months
## Use of funds
- **Payroll:** $626K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Community National Bank
- **Servicing:** Community National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*