# PPP loan: BLANCHARD EQUIPMENT CO INC
> **$3.59M** approved 04/05/2020 · Paid in Full · Loan `5114907005`
## Borrower
- **Name:** BLANCHARD EQUIPMENT CO INC
- **Address:** 4107 COLUMBIA ROAD, AUGUSTA, GA, 30907-1485
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.59M
- **Initial approval:** $3.59M
- **Forgiven:** $3.64M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.88M
- **Mortgage interest:** $359K
- **Utilities:** $359K
- **Jobs reported:** 250
## Lender
- **Originating:** Queensborough National Bank and Trust Company
- **Servicing:** Queensborough National Bank and Trust Company (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*