# PPP loan: ANCHOR INDUSTRIES INC.
> **$3.16M** approved 04/09/2020 · Paid in Full · Loan `8940727005`
## Borrower
- **Name:** ANCHOR INDUSTRIES INC.
- **Address:** 7701 Highway 41 N, EVANSVILLE, IN, 47725
- **NAICS:** 314912
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.16M
- **Initial approval:** $3.16M
- **Forgiven:** $3.19M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.16M
- **Jobs reported:** 303
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*