# PPP loan: SAUNDERS & SON COMPANY
> **$197K** approved 05/12/2020 · Paid in Full · Loan `5607067403`
## Borrower
- **Name:** SAUNDERS & SON COMPANY
- **Address:** 701 S Madison St PO BOX 11, ADRIAN, MI, 49221
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Jobs reported:** 8
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*