# PPP loan: COVERT INDUSTRIES
> **$224K** approved 02/26/2021 · Paid in Full · Loan `5019248507`
## Borrower
- **Name:** COVERT INDUSTRIES
- **Address:** 611 3rd Ave SW 611 3rd Ave Sw, Carmel, IN, 46032-2083
- **NAICS:** 337127
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 11/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 15
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*