# PPP loan: AUSTGEN EQUIPMENT, INC.
> **$323K** approved 04/15/2020 · Paid in Full · Loan `8949077105`
## Borrower
- **Name:** AUSTGEN EQUIPMENT, INC.
- **Address:** 11309 BROADWAY SUITE C3, CROWN POINT, IN, 46307-7104
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $323K
- **Initial approval:** $323K
- **Forgiven:** $325K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $317K
- **Rent:** $6K
- **Jobs reported:** 28
## Lender
- **Originating:** American Community Bank of Indiana
- **Servicing:** American Community Bank of Indiana (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*