# PPP loan: SOUTHERN INDIANA REC INC.
> **$258K** approved 04/08/2020 · Paid in Full · Loan `8049517002`
## Borrower
- **Name:** SOUTHERN INDIANA REC INC.
- **Address:** 1776 10TH ST, TELL CITY, IN, 47586-1358
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Jobs reported:** 24
## 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*