# PPP loan: CAPITOL BUSINESS EQUIPMENT, INC.
> **$5.25M** approved 04/07/2020 · Paid in Full · Loan `6888817000`
## Borrower
- **Name:** CAPITOL BUSINESS EQUIPMENT, INC.
- **Address:** PO BOX 1944, MONTGOMERY, AL, 36102-1944
- **NAICS:** 423420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.25M
- **Initial approval:** $5.25M
- **Forgiven:** $5.32M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.25M
- **Jobs reported:** 438
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*