# PPP loan: MATERIALS PROCESSING INC
> **$5.46M** approved 04/09/2020 · Paid in Full · Loan `9719337001`
## Borrower
- **Name:** MATERIALS PROCESSING INC
- **Address:** 3500 DePauw Boulevard, Suite 1090 0.0, Indianapolis, IN, 46268-1174
- **NAICS:** 551112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.46M
- **Initial approval:** $5.66M
- **Forgiven:** $5.52M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.22M
- **Rent:** $124K
- **Mortgage interest:** $23K
- **Utilities:** $236K
- **Health care:** $843K
- **Debt interest:** $10K
- **Jobs reported:** 446
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*