PPP Loan information for Amereco incorporated

$170,800

Amereco incorporated was initially approved for PPP Loan of amount $170,800, the current approved amount is $170,800. The loan was approved on 01/25/2021 by The 1st Source Bank reported 13 jobs and $170,800 was used to fund payroll.

Amereco incorporated is Existing or more than 2 years old

PPP Loan Search / IN / Valparaiso / Amereco incorporated

AMERECO INCORPORATED

Date Approved

01/25/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

AMERECO INCORPORATED

Borrower Address

54 Michigan Ave

Borrower City

Valparaiso

Borrower State

IN

Borrower Zip

46383-5341

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

170800.00

Current Approval Amount

170800.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

Valparaiso

Project County Name

PORTER

Project State

IN

Project Zip

46383-5341

CD

IN-01

Jobs Reported

13

NAICS Code

541620

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

170797.00

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

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

171796.33

Forgiveness Date

08/25/2021

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