# PPP loan: W.C BORCHELT & SONS, INC.
> **$221K** approved 04/05/2020 · Paid in Full · Loan `5302137007`
## Borrower
- **Name:** W.C BORCHELT & SONS, INC.
- **Address:** 6332 Maplecrest Rd, FORT WAYNE, IN, 46835-2536
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $209K
- **Health care:** $12K
- **Jobs reported:** 14
## Lender
- **Originating:** MidWest America FCU
- **Servicing:** MidWest America FCU (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*