# PPP loan: E.J. EQUIPMENT INC.
> **$763K** approved 04/06/2020 · Paid in Full · Loan `5868027008`
## Borrower
- **Name:** E.J. EQUIPMENT INC.
- **Address:** 6963 N. 3000 E. Rd, MANTENO, IL, 60950-3022
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $763K
- **Initial approval:** $763K
- **Forgiven:** $771K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $667K
- **Health care:** $96K
- **Jobs reported:** 55
## Lender
- **Originating:** State Bank of Herscher
- **Servicing:** State Bank of Herscher (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*