# PPP loan: AMERICAN EQUIPMENT & TRAILER, INC
> **$749K** approved 04/05/2020 · Paid in Full · Loan `5193657010`
## Borrower
- **Name:** AMERICAN EQUIPMENT & TRAILER, INC
- **Address:** 610 N Grand ST, AMARILLO, TX, 79107-5736
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $749K
- **Initial approval:** $749K
- **Forgiven:** $755K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $599K
- **Mortgage interest:** $75K
- **Utilities:** $75K
- **Jobs reported:** 56
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*