# PPP loan: EBERT MACHINE COMPANY, INC.
> **$281K** approved 04/09/2020 · Paid in Full · Loan `9760597000`
## Borrower
- **Name:** EBERT MACHINE COMPANY, INC.
- **Address:** 2177 S STATE ROAD 19, PERU, IN, 46970-7473
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $281K
- **Initial approval:** $281K
- **Forgiven:** $284K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $211K
- **Rent:** $70K
- **Jobs reported:** 35
## Lender
- **Originating:** Logansport Savings Bank
- **Servicing:** Logansport Savings Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*