# PPP loan: TERBORG DISTRIBUTING, INC.
> **$292K** approved 04/03/2020 · Paid in Full · Loan `4475367010`
## Borrower
- **Name:** TERBORG DISTRIBUTING, INC.
- **Address:** 8946 N 700w, DEMOTTE, IN, 46310-9764
- **NAICS:** 722310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $293K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $292K
- **Jobs reported:** 25
## Lender
- **Originating:** DeMotte State Bank
- **Servicing:** DeMotte State Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*