PPP Loan information for Propulsion, inc

$149,137

Propulsion, inc was initially approved for PPP Loan of amount $149,137, the current approved amount is $149,137. The loan was approved on 04/06/2020 by The First Merchants Bank reported 15 jobs and $149,137 was used to fund payroll.

Propulsion, inc is Existing or more than 2 years old

PPP Loan Search / IN / MERRILLVILLE / Propulsion, inc

PROPULSION, INC

Date Approved

04/06/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

PROPULSION, INC

Borrower Address

5901 EAST 81ST AVE

Borrower City

MERRILLVILLE

Borrower State

IN

Borrower Zip

46410-5860

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

149136.65

Current Approval Amount

149136.65

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MERRILLVILLE

Project County Name

LAKE

Project State

IN

Project Zip

46410-5860

CD

IN-01

Jobs Reported

15

NAICS Code

441228

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

149136.65

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

150534.04

Forgiveness Date

03/23/2021

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