PPP Loan information for Schnitz motorsports inc.

$82,000

Schnitz motorsports inc. was initially approved for PPP Loan of amount $82,000, the current approved amount is $82,000. The loan was approved on 04/07/2020 by The First Merchants Bank reported 8 jobs and $82,000 was used to fund payroll.

Schnitz motorsports inc. is Existing or more than 2 years old

PPP Loan Search / IN / DECATUR / Schnitz motorsports inc.

SCHNITZ MOTORSPORTS INC.

Date Approved

04/07/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

SCHNITZ MOTORSPORTS INC.

Borrower Address

222 N 3RD ST

Borrower City

DECATUR

Borrower State

IN

Borrower Zip

46733-1377

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

82000.00

Current Approval Amount

82000.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DECATUR

Project County Name

ADAMS

Project State

IN

Project Zip

46733-1377

CD

IN-03

Jobs Reported

8

NAICS Code

336991

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

82000.00

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

Subchapter S 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

82581.86

Forgiveness Date

12/30/2020

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