# PPP loan: DISCOVERY CARGO TRAILERS INC
> **$547K** approved 04/13/2020 · Paid in Full · Loan `5578907101`
## Borrower
- **Name:** DISCOVERY CARGO TRAILERS INC
- **Address:** 2503 ADA DR, ELKHART, IN, 46514-8644
- **NAICS:** 336212
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $547K
- **Initial approval:** $547K
- **Forgiven:** $551K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $410K
- **Mortgage interest:** $137K
- **Jobs reported:** 62
## Lender
- **Originating:** First State Bank of Middlebury
- **Servicing:** First State Bank of Middlebury (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*