# PPP loan: PROCESS ENGINEERS AND EQUIPMENT CORPORATION
> **$207K** approved 01/25/2021 · Paid in Full · Loan `5540198310`
## Borrower
- **Name:** PROCESS ENGINEERS AND EQUIPMENT CORPORATION
- **Address:** 8001 119th Ave SE, Newcastle, WA, 98056-4404
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $207K
- **Utilities:** $1
- **Jobs reported:** 6
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*