PPP Loan information for Salem insurance agency, inc.

$210,600

Salem insurance agency, inc. was initially approved for PPP Loan of amount $210,600, the current approved amount is $210,600. The loan was approved on 04/08/2020 by The Lake City Bank reported 15 jobs and $210,600 was used to fund payroll.

Salem insurance agency, inc. is Existing or more than 2 years old

PPP Loan Search / IN / GOSHEN / Salem insurance agency, inc.

SALEM INSURANCE AGENCY, INC.

Date Approved

04/08/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

SALEM INSURANCE AGENCY, INC.

Borrower Address

609 W Lincoln Ave.

Borrower City

GOSHEN

Borrower State

IN

Borrower Zip

46526-2415

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

210600.00

Current Approval Amount

210600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24432

Servicing Lender Name

Lake City Bank

Servicing Lender Address

202 E Center St

Servicing Lender City

WARSAW

Servicing Lender State

IN

Servicing Lender Zip

46580-2842

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GOSHEN

Project County Name

ELKHART

Project State

IN

Project Zip

46526-2415

CD

IN-02

Jobs Reported

15

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2700.00

Payroll Proceed

169000.00

Mortgage Interest Proceed

0.00

Rent Proceed

16300.00

Refinance EIDL Proceed

0.00

Health Care Proceed

22600.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24432

Originating Lender

Lake City Bank

Originating Lender City

WARSAW

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

211857.75

Forgiveness Date

11/19/2020

;