# PPP loan: PROGRESSIVE ENGINEERING INC
> **$300K** approved 04/06/2020 · Paid in Full · Loan `5911157008`
## Borrower
- **Name:** PROGRESSIVE ENGINEERING INC
- **Address:** 58640 State Road 15, GOSHEN, IN, 46528
- **NAICS:** 541310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 30
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*