PPP Loan information for Faros inc

$32,081

Faros inc was initially approved for PPP Loan of amount $32,081, the current approved amount is $32,081. The loan was approved on 02/24/2021 by The Horizon Bank reported 8 jobs and $32,081 was used to fund payroll.

Faros inc is Existing or more than 2 years old

PPP Loan Search / IN / Michigan City / Faros inc

FAROS INC

Date Approved

02/24/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

FAROS INC

Borrower Address

600 Wabash St

Borrower City

Michigan City

Borrower State

IN

Borrower Zip

46360-3416

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

32081.00

Current Approval Amount

32081.00

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

N

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

46360-3416

CD

IN-01

Jobs Reported

8

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

32079.00

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

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

32259.42

Forgiveness Date

09/17/2021

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