# PPP loan: FARMERS EQUIPMENT INC
> **$486K** approved 04/09/2020 · Paid in Full · Loan `9162557010`
## Borrower
- **Name:** FARMERS EQUIPMENT INC
- **Address:** 1749 EAST U.S. ROUTE 36, URBANA, OH, 43078
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $486K
- **Initial approval:** $486K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $414K
- **Mortgage interest:** $4K
- **Utilities:** $5K
- **Health care:** $64K
- **Jobs reported:** 43
## Lender
- **Originating:** The Park National Bank
- **Servicing:** The Park National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*