# PPP loan: PEERLESS SAW COMPANY
> **$869K** approved 04/07/2020 · Paid in Full · Loan `7111537005`
## Borrower
- **Name:** PEERLESS SAW COMPANY
- **Address:** 4353 DIRECTORS BLVD, GROVEPORT, OH, 43125-9350
- **NAICS:** 332216
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $869K
- **Initial approval:** $869K
- **Forgiven:** $874K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $869K
- **Jobs reported:** 58
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*