# PPP loan: MATERIAL HANDLING EXCHANGE, INC.
> **$1.17M** approved 04/08/2020 · Paid in Full · Loan `8314817000`
## Borrower
- **Name:** MATERIAL HANDLING EXCHANGE, INC.
- **Address:** 1800 Chrchman Ave., INDIANAPOLIS, IN, 46203
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $936K
- **Rent:** $117K
- **Utilities:** $117K
- **Jobs reported:** 135
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*