# PPP loan: WINAMAC COIL SPRING INC
> **$2.33M** approved 04/08/2020 · Exemption 4 · Loan `8380377008`
## Borrower
- **Name:** WINAMAC COIL SPRING INC
- **Address:** 512 N Smith Street, KEWANNA, IN, 46939-2039
- **NAICS:** 332613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.33M
- **Initial approval:** $2.33M
- **Forgiven:** $2.16M (93%)
- **Forgiveness date:** 11/10/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $2.33M
- **Jobs reported:** 165
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*