PPP Loan information for Mike's machine repair

$23,200

Mike's machine repair was initially approved for PPP Loan of amount $23,200, the current approved amount is $23,200. The loan was approved on 04/14/2020 by The 1st Source Bank reported 4 jobs and $23,200 was used to fund payroll.

Mike's machine repair is Existing or more than 2 years old

PPP Loan Search / IN / GARY / Mike's machine repair

MIKE'S MACHINE REPAIR

Date Approved

04/14/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MIKE'S MACHINE REPAIR

Borrower Address

5050 W 45th Ave

Borrower City

GARY

Borrower State

IN

Borrower Zip

46408

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

23200.00

Current Approval Amount

23200.00

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

GARY

Project County Name

LAKE

Project State

IN

Project Zip

46408-0001

CD

IN-01

Jobs Reported

4

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

23200.00

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

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

23366.27

Forgiveness Date

01/06/2021

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