# PPP loan: ETI INC
> **$522K** approved 02/24/2021 · Paid in Full · Loan `3972608503`
## Borrower
- **Name:** ETI INC
- **Address:** 1850 N Sheridan St, South Bend, IN, 46628-1525
- **NAICS:** 335311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $522K
- **Initial approval:** $522K
- **Forgiven:** $526K (101%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $522K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*