# PPP loan: MEARS MACHINE CORPORATION
> **$1.78M** approved 04/08/2020 · Paid in Full · Loan `8311157008`
## Borrower
- **Name:** MEARS MACHINE CORPORATION
- **Address:** 9973 E US HWY 36, AVON, IN, 46123-7987
- **NAICS:** 335991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.78M
- **Initial approval:** $1.78M
- **Forgiven:** $1.80M (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.78M
- **Jobs reported:** 100
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*