# PPP loan: HERRMAN & GOETZ INC.
> **$2.96M** approved 04/06/2020 · Paid in Full · Loan `6311687004`
## Borrower
- **Name:** HERRMAN & GOETZ INC.
- **Address:** 225 S Lafayette Blvd, SOUTH BEND, IN, 46601-2109
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.96M
- **Initial approval:** $2.96M
- **Forgiven:** $1.99M (67%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.96M
- **Jobs reported:** 174
## 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*