# PPP loan: SMITH EQUIPMENT COMPANY, INC.
> **$232K** approved 04/14/2020 · Paid in Full · Loan `6873727103`
## Borrower
- **Name:** SMITH EQUIPMENT COMPANY, INC.
- **Address:** 1240 LAFAYETTE 31, STAMPS, AR, 71860-9055
- **NAICS:** 236210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $232K
- **Jobs reported:** 17
## Lender
- **Originating:** The Peoples Bank
- **Servicing:** The Peoples Bank (AR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*