# PPP loan: NATIONAL E & R INC
> **$1.77M** approved 04/07/2020 · Paid in Full · Loan `7174727000`
## Borrower
- **Name:** NATIONAL E & R INC
- **Address:** 2829 E STATE ROAD 124, BLUFFTON, IN, 46714-9375
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.77M
- **Initial approval:** $1.77M
- **Forgiven:** $1.79M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.41M
- **Health care:** $353K
- **Jobs reported:** 45
## 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*