# PPP loan: JR EQUIPMENT INC.
> **$173K** approved 04/28/2020 · Paid in Full · Loan `8780397209`
## Borrower
- **Name:** JR EQUIPMENT INC.
- **Address:** 7346 Batchelor Rd, KENNEDALE, TX, 76060-7426
- **NAICS:** 445120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $173K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Jobs reported:** 17
## Lender
- **Originating:** Spectra Bank
- **Servicing:** Spectra Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*