PPP Loan information for New equipment company inc

$106,060

New equipment company inc was initially approved for PPP Loan of amount $106,060, the current approved amount is $106,060. The loan was approved on 02/06/2021 by The First Merchants Bank reported 11 jobs and $106,060 was used to fund payroll.

New equipment company inc is Existing or more than 2 years old

PPP Loan Search / IN / Muncie / New equipment company inc

NEW EQUIPMENT COMPANY INC

Date Approved

02/06/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

NEW EQUIPMENT COMPANY INC

Borrower Address

2708 N Walnut St

Borrower City

Muncie

Borrower State

IN

Borrower Zip

47303-1983

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

106060.42

Current Approval Amount

106060.42

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

11

NAICS Code

811212

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

106058.42

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

107036.76

Forgiveness Date

01/18/2022

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