PPP Loan information for Stranco, inc.

$350,952

Stranco, inc. was initially approved for PPP Loan of amount $350,952, the current approved amount is $350,952. The loan was approved on 04/09/2020 by The Horizon Bank reported 30 jobs and $350,952 was used to fund payroll.

Stranco, inc. is Existing or more than 2 years old

PPP Loan Search / IN / MICHIGAN CITY / Stranco, inc.

STRANCO, INC.

Date Approved

04/09/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

STRANCO, INC.

Borrower Address

1306 W US Hwy 20

Borrower City

MICHIGAN CITY

Borrower State

IN

Borrower Zip

46360

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

350952.00

Current Approval Amount

350952.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23955

Servicing Lender Name

Horizon Bank

Servicing Lender Address

515 Franklin Sq

Servicing Lender City

MICHIGAN CITY

Servicing Lender State

IN

Servicing Lender Zip

46360-3328

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

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

30

NAICS Code

339999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

70190.40

Payroll Proceed

280761.60

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

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

354173.07

Forgiveness Date

03/31/2021

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