# PPP loan: ADAMS REMCO INC
> **$1.39M** approved 03/18/2021 · Paid in Full · Loan `4591758601`
## Borrower
- **Name:** ADAMS REMCO INC
- **Address:** 2612 Foundation Dr, South Bend, IN, 46628-4331
- **NAICS:** 423420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 06/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.39M
- **Utilities:** $1
- **Jobs reported:** 120
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*