# PPP loan: HAMMELL EQUIPMENT INC
> **$418K** approved 04/06/2020 · Paid in Full · Loan `6089507005`
## Borrower
- **Name:** HAMMELL EQUIPMENT INC
- **Address:** 713 MAIN ST PO Box 488, CHATFIELD, MN, 55923-1542
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $418K
- **Initial approval:** $362K
- **Forgiven:** $421K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $350K
- **Utilities:** $15K
- **Health care:** $53K
- **Jobs reported:** 34
## Lender
- **Originating:** F & M Community Bank, National Association
- **Servicing:** F & M Community Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*