PPP Loan information for Araco llc

$72,128

Araco llc was initially approved for PPP Loan of amount $72,128, the current approved amount is $72,128. The loan was approved on 02/10/2021 by The Horizon Bank reported 12 jobs and $72,128 was used to fund payroll.

Araco llc is Existing or more than 2 years old

PPP Loan Search / IN / Valparaiso / Araco llc

ARACO LLC

Date Approved

02/10/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

ARACO LLC

Borrower Address

254 Lincolnway Apt 3 Valparaiso In

Borrower City

Valparaiso

Borrower State

IN

Borrower Zip

46383-5560

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

72128.00

Current Approval Amount

72128.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23955

Servicing Lender Name

Horizon Bank

Servicing Lender Address

515 Franklin Sq

Servicing Lender City

MICHIGAN CITY

Servicing Lender State

IN

Servicing Lender Zip

46360-3328

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Valparaiso

Project County Name

PORTER

Project State

IN

Project Zip

46383-5560

CD

IN-01

Jobs Reported

12

NAICS Code

722513

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

72125.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

72627.96

Forgiveness Date

10/25/2021

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