# PPP loan: WALLACE CONSTRUCTION INC.
> **$524K** approved 02/06/2021 · Paid in Full · Loan `4295038407`
## Borrower
- **Name:** WALLACE CONSTRUCTION INC.
- **Address:** 9790 Old State Road 37 N, Martinsville, IN, 46151-8342
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $527K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $524K
- **Jobs reported:** 53
## 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*