# PPP loan: MADISON CHEMICAL CO. INC.
> **$1.26M** approved 04/07/2020 · Paid in Full · Loan `7199177008`
## Borrower
- **Name:** MADISON CHEMICAL CO. INC.
- **Address:** 3141 CLIFTY DR, MADISON, IN, 47250-1661
- **NAICS:** 424610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.32M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.26M
- **Jobs reported:** 73
## Lender
- **Originating:** German American Bank
- **Servicing:** German American Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*