# PPP loan: MEMERING MOTORPLEX INC
> **$322K** approved 01/23/2021 · Paid in Full · Loan `4906918302`
## Borrower
- **Name:** MEMERING MOTORPLEX INC
- **Address:** 1949 Hart St, Vincennes, IN, 47591-5519
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $325K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $322K
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** German American Bank
- **Servicing:** German American Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*