PPP Loan information for Palko distributing

$603,500

Palko distributing was initially approved for PPP Loan of amount $603,500, the current approved amount is $603,500. The loan was approved on 04/08/2020 by The 1st Source Bank reported 72 jobs and $603,500 was used to fund payroll.

Palko distributing is Existing or more than 2 years old

PPP Loan Search / IN / MICHIGAN CITY / Palko distributing

PALKO DISTRIBUTING

Date Approved

04/08/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

PALKO DISTRIBUTING

Borrower Address

4991 W US Highway 20

Borrower City

MICHIGAN CITY

Borrower State

IN

Borrower Zip

46360

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

603500.00

Current Approval Amount

603500.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MICHIGAN CITY

Project County Name

LA PORTE

Project State

IN

Project Zip

46360-0001

CD

IN-01

Jobs Reported

72

NAICS Code

424490

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

603500.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

607037.18

Forgiveness Date

11/12/2020

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