# PPP loan: STANDRIDGE EQUIPMENT CO INC
> **$427K** approved 04/07/2020 · Paid in Full · Loan `6499657007`
## Borrower
- **Name:** STANDRIDGE EQUIPMENT CO INC
- **Address:** 627 N 16TH ST, CHICKASHA, OK, 73018-1619
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Rent:** $36K
- **Utilities:** $36K
- **Health care:** $36K
- **Jobs reported:** 42
## Lender
- **Originating:** Liberty National Bank
- **Servicing:** Liberty National Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*