PPP Loan information for New equipment company

$111,502

New equipment company was initially approved for PPP Loan of amount $111,502, the current approved amount is $111,502. The loan was approved on 04/28/2020 by The First Merchants Bank reported 12 jobs and $111,502 was used to fund payroll.

New equipment company is Existing or more than 2 years old

PPP Loan Search / IN / Muncie / New equipment company

NEW EQUIPMENT COMPANY

Date Approved

04/28/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

NEW EQUIPMENT COMPANY

Borrower Address

2708 N Walnut Street

Borrower City

Muncie

Borrower State

IN

Borrower Zip

47303-1983

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

111502.12

Current Approval Amount

111502.12

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

Y

Business Age Description

Existing or more than 2 years old

Project City

Muncie

Project County Name

DELAWARE

Project State

IN

Project Zip

47303-1983

CD

IN-05

Jobs Reported

12

NAICS Code

811212

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

111502.12

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

112152.80

Forgiveness Date

12/04/2020

;