# PPP loan: DERBY INC
> **$579K** approved 04/08/2020 · Paid in Full · Loan `7802597000`
## Borrower
- **Name:** DERBY INC
- **Address:** 24350 SR 23 South, SOUTH BEND, IN, 46614
- **NAICS:** 337910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $579K
- **Initial approval:** $579K
- **Forgiven:** $582K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $579K
- **Jobs reported:** 67
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*