# PPP loan: BROWN'S HEAVY EQUIPMENT, INC.
> **$255K** approved 07/23/2020 · Paid in Full · Loan `7639288105`
## Borrower
- **Name:** BROWN'S HEAVY EQUIPMENT, INC.
- **Address:** 1926 E LINCOLN WAY, AMES, IA, 50010-6546
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $255K (100%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $208K
- **Rent:** $15K
- **Mortgage interest:** $8K
- **Utilities:** $9K
- **Health care:** $16K
- **Jobs reported:** 18
## Lender
- **Originating:** First National Bank Ames, Iowa
- **Servicing:** First National Bank Ames, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*