# PPP loan: TAYLOR-FORBES EQUIPMENT CO INC
> **$235K** approved 04/13/2020 · Paid in Full · Loan `4875497100`
## Borrower
- **Name:** TAYLOR-FORBES EQUIPMENT CO INC
- **Address:** 1102 3RD ST, FARMVILLE, VA, 23901-1678
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Rent:** $29K
- **Utilities:** $29K
- **Jobs reported:** 18
## Lender
- **Originating:** Benchmark Community Bank
- **Servicing:** Benchmark Community Bank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*