# PPP loan: AMERICAN EQUIPMENT SERVICES, INC
> **$196K** approved 04/13/2020 · Paid in Full · Loan `5619117108`
## Borrower
- **Name:** AMERICAN EQUIPMENT SERVICES, INC
- **Address:** 898 E Illini St, PHOENIX, AZ, 85041-1109
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Rent:** $12K
- **Utilities:** $8K
- **Jobs reported:** 15
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*