# PPP loan: NITE EQUIPMENT INC
> **$165K** approved 04/08/2020 · Paid in Full · Loan `8302457002`
## Borrower
- **Name:** NITE EQUIPMENT INC
- **Address:** 2388 N CONGER RD, PECATONICA, IL, 61063-9565
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $123K
- **Mortgage interest:** $21K
- **Utilities:** $21K
- **Jobs reported:** 13
## Lender
- **Originating:** German-American State Bank
- **Servicing:** German-American State Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*