# PPP loan: INTERMOUNTAIN LIFT TRUCK INC
> **$547K** approved 04/07/2020 · Paid in Full · Loan `7423057002`
## Borrower
- **Name:** INTERMOUNTAIN LIFT TRUCK INC
- **Address:** 2530 W 1500 S, SALT LAKE CITY, UT, 84127
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $547K
- **Initial approval:** $547K
- **Forgiven:** $551K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $437K
- **Rent:** $55K
- **Utilities:** $55K
- **Jobs reported:** 49
## Lender
- **Originating:** Bank of Utah
- **Servicing:** Bank of Utah (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*