# PPP loan: SHAW HEAVY EQUIPMENT REPAIR, INC
> **$609K** approved 04/15/2020 · Paid in Full · Loan `8846677105`
## Borrower
- **Name:** SHAW HEAVY EQUIPMENT REPAIR, INC
- **Address:** 404 E 4th Street, Sparta, IL, 62286
- **NAICS:** 213113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $609K
- **Initial approval:** $609K
- **Forgiven:** $613K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $579K
- **Rent:** $5K
- **Mortgage interest:** $11K
- **Utilities:** $15K
- **Jobs reported:** 43
## Lender
- **Originating:** The First National Bank of Ava
- **Servicing:** The First National Bank of Ava (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*