# PPP loan: BOB'S POWER EQUIPMENT, INC.
> **$203K** approved 04/14/2020 · Paid in Full · Loan `7547157108`
## Borrower
- **Name:** BOB'S POWER EQUIPMENT, INC.
- **Address:** 637 MONTGOMERY HIGHWAY, BIRMINGHAM, AL, 35216-1809
- **NAICS:** 444210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 10/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Jobs reported:** 21
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*