# PPP loan: US CRANE & EQUIPMENT INC
> **$245K** approved 04/07/2020 · Paid in Full · Loan `7199377009`
## Borrower
- **Name:** US CRANE & EQUIPMENT INC
- **Address:** 5760 METRO EAST DR, PLEASANT HILL, IA, 50327-8908
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $20K
- **Mortgage interest:** $5K
- **Utilities:** $20K
- **Jobs reported:** 10
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*