# PPP loan: SACO INDUSTRIES, INC.
> **$1.39M** approved 04/28/2020 · Paid in Full · Loan `9375137202`
## Borrower
- **Name:** SACO INDUSTRIES, INC.
- **Address:** 17151 Morse St, Lowell, IN, 46356
- **NAICS:** 337110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.39M
- **Jobs reported:** 225
## Lender
- **Originating:** Providence Bank & Trust
- **Servicing:** Providence Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*