CENTRAL EQUIPMENT CO. (KY) - 2020 PPP Loan Borrower Profile (# 7868217005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CENTRAL EQUIPMENT CO.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Kentucky.

Loan Detail

Loan Number

7868217005

SBA Office Code

0457

Processing Method

PPP

Curent Loan Amount

$587,100

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$590,345.36

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

34,000

Payroll Proced

440,300

Mortgage Interest Proceed

58,800

Rent Proceed

54,000

Lender

Central Bank & Trust Co.

Business Detail

Business Type

Subchapter S Corporation

NAICS

453998

Borrower Location

LEXINGTON, KY

Project Location

LEXINGTON, KY

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.