# PPP loan: ALBERDING WOODWORKING INC.
> **$396K** approved 03/20/2021 · Paid in Full · Loan `6053878604`
## Borrower
- **Name:** ALBERDING WOODWORKING INC.
- **Address:** 7050 N 200 W, Decatur, IN, 46733-8849
- **NAICS:** 321911
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $396K
- **Initial approval:** $396K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 02/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $396K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*