# PPP loan: AMERICAN RESOURCES CORPORATION
> **$2.65M** approved 04/13/2020 · Paid in Full · Loan `4345607110`
## Borrower
- **Name:** AMERICAN RESOURCES CORPORATION
- **Address:** 12115 VISIONARY WAY Suite 174, FISHERS, IN, 46038-3069
- **NAICS:** 212210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.65M
- **Initial approval:** $2.65M
- **Forgiven:** $1.55M (58%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.65M
- **Jobs reported:** 238
## Lender
- **Originating:** Merchants Bank of Indiana
- **Servicing:** Merchants Bank of Indiana (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*