PPP Loan information for Compression motorsports inc

$7,700

Compression motorsports inc was initially approved for PPP Loan of amount $7,700, the current approved amount is $7,700. The loan was approved on 04/13/2020 by The STAR Financial Bank reported 1 jobs and $7,700 was used to fund payroll.

Compression motorsports inc is New Business or 2 years or less

COMPRESSION MOTORSPORTS INC

Date Approved

04/13/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

COMPRESSION MOTORSPORTS INC

Borrower Address

307 W Broadway St

Borrower City

ALEXANDRIA

Borrower State

IN

Borrower Zip

46001-1714

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

7700.00

Current Approval Amount

7700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24398

Servicing Lender Name

STAR Financial Bank

Servicing Lender Address

127 W Berry St

Servicing Lender City

FORT WAYNE

Servicing Lender State

IN

Servicing Lender Zip

46802-2315

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

ALEXANDRIA

Project County Name

MADISON

Project State

IN

Project Zip

46001-1714

CD

IN-05

Jobs Reported

1

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

770.00

Payroll Proceed

6160.00

Mortgage Interest Proceed

770.00

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

24398

Originating Lender

STAR Financial Bank

Originating Lender City

FORT WAYNE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

7792.19

Forgiveness Date

07/02/2021

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