# PPP loan: MUNCIE NOVELTY CO INC
> **$858K** approved 02/18/2021 · Paid in Full · Loan `1200148508`
## Borrower
- **Name:** MUNCIE NOVELTY CO INC
- **Address:** 9610 N State Rt 67, Muncie, IN, 47303
- **NAICS:** 333244
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $858K
- **Initial approval:** $858K
- **Forgiven:** $865K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $858K
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*