PPP Loan information for Korte electric, inc

$1,167,800

Korte electric, inc was initially approved for PPP Loan of amount $1,167,800, the current approved amount is $1,167,800. The loan was approved on 04/07/2020 by The First Merchants Bank reported 95 jobs and $1,167,800 was used to fund payroll.

Korte electric, inc is Existing or more than 2 years old

PPP Loan Search / IN / NEW HAVEN / Korte electric, inc

KORTE ELECTRIC, INC

Date Approved

04/07/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

KORTE ELECTRIC, INC

Borrower Address

10920 STELLHORN RD

Borrower City

NEW HAVEN

Borrower State

IN

Borrower Zip

46774-9000

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1167800.00

Current Approval Amount

1167800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW HAVEN

Project County Name

ALLEN

Project State

IN

Project Zip

46774-9000

CD

IN-03

Jobs Reported

95

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1167800.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1174518.85

Forgiveness Date

11/12/2020

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