# PPP loan: BANKERS EQUIPMENT SERVICE INC
> **$614K** approved 04/08/2020 · Paid in Full · Loan `8055087000`
## Borrower
- **Name:** BANKERS EQUIPMENT SERVICE INC
- **Address:** 11561 12th Ave S, BURNSVILLE, MN, 55337-1243
- **NAICS:** 423420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $614K
- **Initial approval:** $614K
- **Forgiven:** $617K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $614K
- **Jobs reported:** 37
## Lender
- **Originating:** The First State Bank of Rosemount
- **Servicing:** The First State Bank of Rosemount (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*