# PPP loan: SMCO INC
> **$193K** approved 01/27/2021 · Paid in Full · Loan `6898748308`
## Borrower
- **Name:** SMCO INC
- **Address:** 2505 Laura Ct, Elkhart, IN, 46517-1197
- **NAICS:** 332114
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $193K
- **Jobs reported:** 18
## 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*