# PPP loan: MYERS SPRING CO, INC.
> **$494K** approved 04/08/2020 · Paid in Full · Loan `8064357000`
## Borrower
- **Name:** MYERS SPRING CO, INC.
- **Address:** 720 WATER ST, LOGANSPORT, IN, 46947-1735
- **NAICS:** 332613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $499K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $373K
- **Rent:** $121K
- **Jobs reported:** 57
## Lender
- **Originating:** Logansport Savings Bank
- **Servicing:** Logansport Savings Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*