# PPP loan: SWANEL, INC.
> **$428K** approved 04/09/2020 · Paid in Full · Loan `8921497002`
## Borrower
- **Name:** SWANEL, INC.
- **Address:** 6044 ERIE AVE, HAMMOND, IN, 46320-2532
- **NAICS:** 424450
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $428K
- **Initial approval:** $428K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $342K
- **Rent:** $29K
- **Mortgage interest:** $29K
- **Utilities:** $29K
- **Jobs reported:** 38
## 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*