# PPP loan: AMERICAN RELIANCE INDUSTRIES CO.
> **$731K** approved 04/06/2020 · Paid in Full · Loan `6186537005`
## Borrower
- **Name:** AMERICAN RELIANCE INDUSTRIES CO.
- **Address:** 860 N Tuscany Drive, SHIPSHEWANA, IN, 46565-9181
- **NAICS:** 336211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $731K
- **Initial approval:** $912K
- **Forgiven:** $735K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $624K
- **Rent:** $43K
- **Utilities:** $8K
- **Health care:** $56K
- **Jobs reported:** 53
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*