# PPP loan: PSC MACHINING & ENGINEERING IN
> **$300K** approved 05/11/2020 · Paid in Full · Loan `5120537400`
## Borrower
- **Name:** PSC MACHINING & ENGINEERING IN
- **Address:** 6672 MELTON RD, PORTAGE, IN, 46368-1236
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $301K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Rent:** $30K
- **Utilities:** $15K
- **Jobs reported:** 24
## Lender
- **Originating:** American Community Bank of Indiana
- **Servicing:** American Community Bank of Indiana (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*