# PPP loan: MUNCIE NOVELTY CO INC.
> **$858K** approved 04/07/2020 · Paid in Full · Loan `7566347003`
## Borrower
- **Name:** MUNCIE NOVELTY CO INC.
- **Address:** 9610 N State Rd 67, MUNCIE, IN, 47303-9123
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $858K
- **Initial approval:** $858K
- **Forgiven:** $866K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $858K
- **Jobs reported:** 74
## 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*