# PPP loan: KLOCHKO EQUIPMENT RENTAL COMPANY INC
> **$442K** approved 01/28/2021 · Paid in Full · Loan `7226818307`
## Borrower
- **Name:** KLOCHKO EQUIPMENT RENTAL COMPANY INC
- **Address:** 2782 Corbin St, Melvindale, MI, 48122-1806
- **NAICS:** 532490
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $442K
- **Initial approval:** $442K
- **Forgiven:** $444K (100%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $442K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*