# PPP loan: HOCHSTETLER GRAIN EQUIPMENT INC
> **$477K** approved 04/07/2020 · Paid in Full · Loan `6744297000`
## Borrower
- **Name:** HOCHSTETLER GRAIN EQUIPMENT INC
- **Address:** 355 TOMAHAWK TRL, NAPPANEE, IN, 46550-9466
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $477K
- **Initial approval:** $477K
- **Forgiven:** $480K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $422K
- **Rent:** $8K
- **Utilities:** $16K
- **Health care:** $31K
- **Jobs reported:** 37
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*