# PPP loan: PACKAGING LOGIC, INC.
> **$377K** approved 04/08/2020 · Paid in Full · Loan `8689677002`
## Borrower
- **Name:** PACKAGING LOGIC, INC.
- **Address:** 239 Factory Street, LA PORTE, IN, 46350-2624
- **NAICS:** 322211
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $377K
- **Initial approval:** $377K
- **Forgiven:** $380K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $302K
- **Health care:** $75K
- **Jobs reported:** 36
## 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*