# PPP loan: AMERICAN EQUITY FUNDING INC
> **$220K** approved 04/08/2020 · Paid in Full · Loan `7977547009`
## Borrower
- **Name:** AMERICAN EQUITY FUNDING INC
- **Address:** 7005 ALMA HWY, VAN BUREN, AR, 72956-7227
- **NAICS:** 531110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 6
## Lender
- **Originating:** Arvest Bank
- **Servicing:** Arvest Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*