# PPP loan: UTILITY EQUIPMENT INC
> **$249K** approved 04/08/2020 · Paid in Full · Loan `7750577002`
## Borrower
- **Name:** UTILITY EQUIPMENT INC
- **Address:** 4584 Tom Lunn Road, SPRING HILL, TN, 37174-2139
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $249K
- **Jobs reported:** 22
## Lender
- **Originating:** First Farmers and Merchants Bank
- **Servicing:** First Farmers and Merchants Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*