# PPP loan: ALCORN INDUSTRIAL INC
> **$270K** approved 04/04/2020 · Paid in Full · Loan `4708337003`
## Borrower
- **Name:** ALCORN INDUSTRIAL INC
- **Address:** 5412 Rock Hampton Court, INDIANAPOLIS, IN, 46268-1029
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Rent:** $18K
- **Utilities:** $12K
- **Health care:** $13K
- **Debt interest:** $2K
- **Jobs reported:** 17
## Lender
- **Originating:** STAR Financial Bank
- **Servicing:** STAR Financial Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*