# PPP loan: ARTEC TRACTOR AND EQUIPMENT INC.
> **$215K** approved 04/15/2020 · Paid in Full · Loan `8107047100`
## Borrower
- **Name:** ARTEC TRACTOR AND EQUIPMENT INC.
- **Address:** 7421 HIGHWAY 5, NAUVOO, AL, 35578-6337
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $217K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Jobs reported:** 18
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*