# PPP loan: APEX EQUIPMENT SALES INC
> **$287K** approved 04/05/2020 · Paid in Full · Loan `5315587001`
## Borrower
- **Name:** APEX EQUIPMENT SALES INC
- **Address:** 1400 53rd St, WEST PALM BEACH, FL, 33407-2209
- **NAICS:** 423440
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $260K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Rent:** $34K
- **Utilities:** $6K
- **Health care:** $25K
- **Jobs reported:** 24
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*