# PPP loan: SHIPLEY MOTOR EQUIPMENT COMPANY
> **$1.20M** approved 04/06/2020 · Paid in Full · Loan `5860477009`
## Borrower
- **Name:** SHIPLEY MOTOR EQUIPMENT COMPANY
- **Address:** 2800 Wheeler Ave, FORT SMITH, AR, 72901-5932
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Jobs reported:** 101
## Lender
- **Originating:** The First National Bank of Fort Smith
- **Servicing:** The First National Bank of Fort Smith (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*