# PPP loan: CENTRAL EQUIPMENT CO.
> **$587K** approved 04/08/2020 · Paid in Full · Loan `7868217005`
## Borrower
- **Name:** CENTRAL EQUIPMENT CO.
- **Address:** 791 RED MILE RD, LEXINGTON, KY, 40504-1162
- **NAICS:** 453998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $590K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $440K
- **Rent:** $54K
- **Mortgage interest:** $59K
- **Utilities:** $34K
- **Jobs reported:** 52
## Lender
- **Originating:** Central Bank & Trust Co.
- **Servicing:** Central Bank & Trust Co. (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*