# PPP loan: TRIANGLE EQUIPMENT CO INC.
> **$669K** approved 04/14/2020 · Paid in Full · Loan `6410747102`
## Borrower
- **Name:** TRIANGLE EQUIPMENT CO INC.
- **Address:** 6701 Mt. Herman Rd., MORRISVILLE, NC, 27560
- **NAICS:** 532412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $669K
- **Initial approval:** $669K
- **Forgiven:** $674K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $575K
- **Rent:** $60K
- **Utilities:** $7K
- **Health care:** $27K
- **Jobs reported:** 49
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*