# PPP loan: WASTE PROCESSING EQUIPMENT INC.
> **$403K** approved 04/08/2020 · Paid in Full · Loan `8659777007`
## Borrower
- **Name:** WASTE PROCESSING EQUIPMENT INC.
- **Address:** 260 Dilbeck Road, RAINSVILLE, AL, 35986-1047
- **NAICS:** 333999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $403K
- **Initial approval:** $403K
- **Forgiven:** $407K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $378K
- **Rent:** $10K
- **Utilities:** $15K
- **Jobs reported:** 43
## Lender
- **Originating:** First Southern State Bank
- **Servicing:** First Southern State Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*