# PPP loan: DRIVECO, INC
> **$887K** approved 04/06/2020 · Paid in Full · Loan `5776467003`
## Borrower
- **Name:** DRIVECO, INC
- **Address:** 5031 Industrial Rd,, FORT WAYNE, IN, 46825-5213
- **NAICS:** 484220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $887K
- **Initial approval:** $887K
- **Forgiven:** $892K (101%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $887K
- **Jobs reported:** 77
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*