# PPP loan: MINING EQUIPMENT, LTD.
> **$497K** approved 04/08/2020 · Paid in Full · Loan `8162637005`
## Borrower
- **Name:** MINING EQUIPMENT, LTD.
- **Address:** 484 TURNER DR STE 201C, DURANGO, CO, 81303-3432
- **NAICS:** 339999
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $421K
- **Utilities:** $10K
- **Health care:** $66K
- **Jobs reported:** 29
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*