PPP Loan information for Powell tool supply inc

$215,800

Powell tool supply inc was initially approved for PPP Loan of amount $215,800, the current approved amount is $215,800. The loan was approved on 02/13/2021 by The 1st Source Bank reported 19 jobs and $215,800 was used to fund payroll.

Powell tool supply inc is Existing or more than 2 years old

PPP Loan Search / IN / South Bend / Powell tool supply inc

POWELL TOOL SUPPLY INC

Date Approved

02/13/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

POWELL TOOL SUPPLY INC

Borrower Address

1338 Mishawaka Ave

Borrower City

South Bend

Borrower State

IN

Borrower Zip

46615-3927

Loan Status Date

05/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

215800.00

Current Approval Amount

215800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24195

Servicing Lender Name

1st Source Bank

Servicing Lender Address

100 N Michigan St

Servicing Lender City

SOUTH BEND

Servicing Lender State

IN

Servicing Lender Zip

46601-1630

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

South Bend

Project County Name

ST JOSEPH

Project State

IN

Project Zip

46615-3927

CD

IN-02

Jobs Reported

19

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

215796.00

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

Corporation

Originating Lender Location Id

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

218413.58

Forgiveness Date

04/28/2022

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