# PPP loan: AUTHORIZED EQUIPMENT INC.
> **$174K** approved 03/20/2021 · Paid in Full · Loan `6240848601`
## Borrower
- **Name:** AUTHORIZED EQUIPMENT INC.
- **Address:** 5115 Maryland Way, Brentwood, TN, 37027-1200
- **NAICS:** 532412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 03/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $174K
- **Utilities:** $1
- **Jobs reported:** 4
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*