# PPP loan: PLASTIC RECYCLING, INC.
> **$1.83M** approved 04/10/2020 · Paid in Full · Loan `1444367101`
## Borrower
- **Name:** PLASTIC RECYCLING, INC.
- **Address:** 7601 Rockville Rd, INDIANAPOLIS, IN, 46214-3102
- **NAICS:** 325991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.83M
- **Initial approval:** $1.83M
- **Forgiven:** $1.85M (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Mortgage interest:** $183K
- **Utilities:** $183K
- **Jobs reported:** 159
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*