# PPP loan: CREST EQUIPMENT INC
> **$500K** approved 05/01/2020 · Paid in Full · Loan `5961217708`
## Borrower
- **Name:** CREST EQUIPMENT INC
- **Address:** 161 SCOTTFORD DR, EL CAJON, CA, 92021-3873
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 02/24/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 26
## 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*