PPP Loan information for Banks machine & engineering inc

$1,173,595

Banks machine & engineering inc was initially approved for PPP Loan of amount $1,173,595, the current approved amount is $1,173,595. The loan was approved on 02/10/2021 by The The National Bank of Indianapolis reported 67 jobs and $1,173,595 was used to fund payroll.

Banks machine & engineering inc is Existing or more than 2 years old

PPP Loan Search / IN / Shelbyville / Banks machine & engineering inc

BANKS MACHINE & ENGINEERING INC

Date Approved

02/10/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

BANKS MACHINE & ENGINEERING INC

Borrower Address

1677 W 400 N

Borrower City

Shelbyville

Borrower State

IN

Borrower Zip

46176-8586

Loan Status Date

01/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1173595.00

Current Approval Amount

1173595.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

118844

Servicing Lender Name

The National Bank of Indianapolis

Servicing Lender Address

107 N Pennsylvania St, Ste 100

Servicing Lender City

INDIANAPOLIS

Servicing Lender State

IN

Servicing Lender Zip

46204-2406

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Shelbyville

Project County Name

SHELBY

Project State

IN

Project Zip

46176-8586

CD

IN-06

Jobs Reported

67

NAICS Code

333318

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1173595.00

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

Corporation

Originating Lender Location Id

118844

Originating Lender

The National Bank of Indianapolis

Originating Lender City

INDIANAPOLIS

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1183691.13

Forgiveness Date

12/23/2021

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