# PPP loan: PORTER INC.
> **$5.31M** approved 04/15/2020 · Paid in Full · Loan `8842097100`
## Borrower
- **Name:** PORTER INC.
- **Address:** 2200 W MONROE ST PO Box 1003, DECATUR, IN, 46733-3028
- **NAICS:** 336611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.31M
- **Initial approval:** $5.31M
- **Forgiven:** $5.37M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.31M
- **Jobs reported:** 320
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*