PPP Loan information for Material handling exchange, inc.

$1,169,830

Material handling exchange, inc. was initially approved for PPP Loan of amount $1,169,830, the current approved amount is $1,169,830. The loan was approved on 04/08/2020 by The Horizon Bank reported 135 jobs and $1,169,830 was used to fund payroll.

Material handling exchange, inc. is Existing or more than 2 years old

PPP Loan Search / IN / INDIANAPOLIS / Material handling exchange, inc.

MATERIAL HANDLING EXCHANGE, INC.

Date Approved

04/08/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MATERIAL HANDLING EXCHANGE, INC.

Borrower Address

1800 Chrchman Ave.

Borrower City

INDIANAPOLIS

Borrower State

IN

Borrower Zip

46203

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1169830.00

Current Approval Amount

1169830.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

INDIANAPOLIS

Project County Name

MARION

Project State

IN

Project Zip

46203-0001

CD

IN-07

Jobs Reported

135

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

116983.00

Payroll Proceed

935864.00

Mortgage Interest Proceed

0.00

Rent Proceed

116983.00

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

1186015.32

Forgiveness Date

09/08/2021

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