# PPP loan: MENDENHALL EQUIPMENT CO.
> **$227K** approved 04/07/2020 · Paid in Full · Loan `7425087004`
## Borrower
- **Name:** MENDENHALL EQUIPMENT CO.
- **Address:** 880 W 100 N, NORTH SALT LAKE, UT, 84054-2906
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Rent:** $13K
- **Utilities:** $5K
- **Jobs reported:** 16
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*