# PPP loan: ASCOT ENTERPRISES INC
> **$1.26M** approved 04/06/2020 · Paid in Full · Loan `5824187008`
## Borrower
- **Name:** ASCOT ENTERPRISES INC
- **Address:** 503 South Main Street, NAPPANEE, IN, 46550-2531
- **NAICS:** 314120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.27M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $946K
- **Rent:** $315K
- **Jobs reported:** 231
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*