# PPP loan: RELIANCE MACHINE COMPANY INC
> **$384K** approved 02/09/2021 · Paid in Full · Loan `5882898406`
## Borrower
- **Name:** RELIANCE MACHINE COMPANY INC
- **Address:** 4605 S Walnut St, Muncie, IN, 47302-8532
- **NAICS:** 336310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $384K
- **Initial approval:** $384K
- **Forgiven:** $388K (101%)
- **Forgiveness date:** 03/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $384K
- **Utilities:** $1
- **Jobs reported:** 21
## 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*