# PPP loan: TRAILER EQUIPMENT, INC.
> **$1.40M** approved 04/13/2020 · Paid in Full · Loan `5085827103`
## Borrower
- **Name:** TRAILER EQUIPMENT, INC.
- **Address:** 1701 Steele Ave SW, Grand Rapids, MI, 49507-1525
- **NAICS:** 423110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Jobs reported:** 124
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*