# PPP loan: ETA ENGINEERING INC.
> **$422K** approved 01/25/2021 · Paid in Full · Loan `5708208305`
## Borrower
- **Name:** ETA ENGINEERING INC.
- **Address:** 10605 E Baseline Rd, Avilla, IN, 46710-9646
- **NAICS:** 541420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $422K
- **Initial approval:** $422K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $422K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*