BANKS HEAVY EQUIPMENT INC (UT) - 2020 PPP Loan Borrower Profile (# 7935337704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BANKS HEAVY EQUIPMENT INC. 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 Utah.

Loan Detail

Loan Number

7935337704

SBA Office Code

0883

Processing Method

PPP

Curent Loan Amount

$69,900

Date Loan was Approved

May 1, 2020

Amount Forgiven

$70,518.57

Date Loan was Forgiven

Mar 23, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

69,900

Lender

Zions Bank, A Division of

Business Detail

Business Type

Corporation

NAICS

423440

Borrower Location

Herriman, UT

Project Location

Herriman, UT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.