# PPP loan: WELLS EQUIPMENT SALES, INC.
> **$247K** approved 04/28/2020 · Paid in Full · Loan `7621617201`
## Borrower
- **Name:** WELLS EQUIPMENT SALES, INC.
- **Address:** 534 HOMER RD, LITCHFIELD, MI, 49252-9126
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Mortgage interest:** $37K
- **Utilities:** $12K
- **Jobs reported:** 18
## Lender
- **Originating:** County National Bank
- **Servicing:** County National Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*