PPP Loan information for Deco chem inc

$216,959

Deco chem inc was initially approved for PPP Loan of amount $290,495, the current approved amount is $216,959. The loan was approved on 04/12/2020 by The Horizon Bank reported 35 jobs and $216,959 was used to fund payroll.

Deco chem inc is Existing or more than 2 years old

DECO CHEM INC

Date Approved

04/12/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

DECO CHEM INC

Borrower Address

3502 HOME ST

Borrower City

MISHAWAKA

Borrower State

IN

Borrower Zip

46545

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

59

SBA Guaranty Percentage

100

Initial Approval Amount

290495.00

Current Approval Amount

216959.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MISHAWAKA

Project County Name

ST JOSEPH

Project State

IN

Project Zip

46545-0900

CD

IN-02

Jobs Reported

35

NAICS Code

325910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

21695.90

Payroll Proceed

173567.20

Mortgage Interest Proceed

21695.90

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

Non-Veteran

Non Profit

Forgiveness Amount

149376.08

Forgiveness Date

02/10/2021

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