# PPP loan: THATCHER FOUNDATIONS INC.
> **$1.84M** approved 02/16/2021 · Paid in Full · Loan `9112608402`
## Borrower
- **Name:** THATCHER FOUNDATIONS INC.
- **Address:** 7100 Industrial Hwy, Gary, IN, 46406-1045
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.84M
- **Initial approval:** $1.84M
- **Forgiven:** $1.86M (101%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.84M
- **Jobs reported:** 59
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*