PPP Loan information for Advance distribution inc.

$351,030

Advance distribution inc. was initially approved for PPP Loan of amount $351,030, the current approved amount is $351,030. The loan was approved on 04/13/2020 by The First Farmers Bank & Trust Co. reported 17 jobs and $351,030 was used to fund payroll.

Advance distribution inc. is Existing or more than 2 years old

PPP Loan Search / IN / Kokomo / Advance distribution inc.

ADVANCE DISTRIBUTION INC.

Date Approved

04/13/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

ADVANCE DISTRIBUTION INC.

Borrower Address

700 Touby Pike

Borrower City

Kokomo

Borrower State

IN

Borrower Zip

46901-3181

Loan Status Date

05/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

351030.00

Current Approval Amount

351030.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23025

Servicing Lender Name

First Farmers Bank & Trust Co.

Servicing Lender Address

123 N Jefferson St

Servicing Lender City

CONVERSE

Servicing Lender State

IN

Servicing Lender Zip

46919

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Kokomo

Project County Name

HOWARD

Project State

IN

Project Zip

46901-3181

CD

IN-05

Jobs Reported

17

NAICS Code

484230

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

351030.00

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

Subchapter S Corporation

Originating Lender Location Id

23025

Originating Lender

First Farmers Bank & Trust Co.

Originating Lender City

CONVERSE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

354434.51

Forgiveness Date

04/12/2021

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