PPP Loan information for Terborg distributing, inc.

$291,700

Terborg distributing, inc. was initially approved for PPP Loan of amount $291,700, the current approved amount is $291,700. The loan was approved on 04/03/2020 by The DeMotte State Bank reported 25 jobs and $291,700 was used to fund payroll.

Terborg distributing, inc. is Existing or more than 2 years old

PPP Loan Search / IN / DEMOTTE / Terborg distributing, inc.

TERBORG DISTRIBUTING, INC.

Date Approved

04/03/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

TERBORG DISTRIBUTING, INC.

Borrower Address

8946 N 700w

Borrower City

DEMOTTE

Borrower State

IN

Borrower Zip

46310-9764

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

291700.00

Current Approval Amount

291700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23051

Servicing Lender Name

DeMotte State Bank

Servicing Lender Address

210 S Halleck St

Servicing Lender City

DEMOTTE

Servicing Lender State

IN

Servicing Lender Zip

46310-9595

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DEMOTTE

Project County Name

JASPER

Project State

IN

Project Zip

46310-9764

CD

IN-04

Jobs Reported

25

NAICS Code

722310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

291700.00

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

23051

Originating Lender

DeMotte State Bank

Originating Lender City

DEMOTTE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

293458.19

Forgiveness Date

11/17/2020

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