# PPP loan: BANE WELKER EQUIPMENT LLC
> **$2.77M** approved 04/13/2020 · Paid in Full · Loan `5583557108`
## Borrower
- **Name:** BANE WELKER EQUIPMENT LLC
- **Address:** 33 E 700 S, LADOGA, IN, 47954-8013
- **NAICS:** 423820
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.77M
- **Initial approval:** $2.77M
- **Forgiven:** $2.81M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.77M
- **Jobs reported:** 231
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*