PPP Loan information for Powersource transportation,inc

$353,662

Powersource transportation,inc was initially approved for PPP Loan of amount $353,662, the current approved amount is $353,662. The loan was approved on 04/06/2020 by The First Merchants Bank reported 25 jobs and $353,662 was used to fund payroll.

Powersource transportation,inc is Existing or more than 2 years old

PPP Loan Search / IN / PORTAGE / Powersource transportation,inc

POWERSOURCE TRANSPORTATION,INC

Date Approved

04/06/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

POWERSOURCE TRANSPORTATION,INC

Borrower Address

6480 AMERIPLEX DR

Borrower City

PORTAGE

Borrower State

IN

Borrower Zip

46368-1389

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

353662.00

Current Approval Amount

353662.00

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

PORTAGE

Project County Name

PORTER

Project State

IN

Project Zip

46368-1389

CD

IN-01

Jobs Reported

25

NAICS Code

484121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

353662.00

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

356307.20

Forgiveness Date

01/13/2021

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