# PPP loan: BUCHANAN GROUP 1881, LLC
> **$3.18M** approved 04/07/2020 · Paid in Full · Loan `7361637003`
## Borrower
- **Name:** BUCHANAN GROUP 1881, LLC
- **Address:** 2020 MONTCALM ST, INDIANAPOLIS, IN, 46202-1129
- **NAICS:** 551112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.18M
- **Initial approval:** $3.18M
- **Forgiven:** $3.05M (96%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.18M
- **Jobs reported:** 318
## Lender
- **Originating:** Merchants Bank of Indiana
- **Servicing:** Merchants Bank of Indiana (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*