# PPP loan: BOONE & BECKNER IMPLEMENT, INC
> **$680K** approved 04/08/2020 · Paid in Full · Loan `8371817007`
## Borrower
- **Name:** BOONE & BECKNER IMPLEMENT, INC
- **Address:** 1111 E. Main St., BEDFORD, VA, 24523-2909
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $680K
- **Initial approval:** $680K
- **Forgiven:** $683K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $544K
- **Rent:** $56K
- **Utilities:** $14K
- **Health care:** $30K
- **Debt interest:** $35K
- **Jobs reported:** 71
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*