# PPP loan: RICER EQUIPMENT INC.
> **$490K** approved 04/05/2020 · Paid in Full · Loan `5139007002`
## Borrower
- **Name:** RICER EQUIPMENT INC.
- **Address:** 49 Good Manor Road, LUCASVILLE, OH, 45648-9503
- **NAICS:** 115310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $495K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Rent:** $90K
- **Jobs reported:** 38
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*