PPP Loan information for Adec, inc

$2,000,000

Adec, inc was initially approved for PPP Loan of amount $2,169,000, the current approved amount is $2,000,000. The loan was approved on 04/15/2020 by The 1st Source Bank reported 406 jobs and $2,000,000 was used to fund payroll.

Adec, inc is Existing or more than 2 years old

PPP Loan Search / IN / BRISTOL / Adec, inc

ADEC, INC

Date Approved

04/15/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

ADEC, INC

Borrower Address

19670 State Road 120

Borrower City

BRISTOL

Borrower State

IN

Borrower Zip

46507

Loan Status Date

06/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2169000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24195

Servicing Lender Name

1st Source Bank

Servicing Lender Address

100 N Michigan St

Servicing Lender City

SOUTH BEND

Servicing Lender State

IN

Servicing Lender Zip

46601-1630

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BRISTOL

Project County Name

ELKHART

Project State

IN

Project Zip

46507-0001

CD

IN-02

Jobs Reported

406

NAICS Code

623210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2000000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2017439.77

Forgiveness Date

05/20/2021

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