# PPP loan: PEERLESS GEAR, LLC
> **$566K** approved 04/09/2020 · Paid in Full · Loan `9681137004`
## Borrower
- **Name:** PEERLESS GEAR, LLC
- **Address:** 1555 S JACKSON ST, SALEM, IN, 47167-9189
- **NAICS:** 333612
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $566K
- **Initial approval:** $566K
- **Forgiven:** $571K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $452K
- **Rent:** $55K
- **Utilities:** $59K
- **Jobs reported:** 56
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*