PPP Loan information for Swanel, inc.

$427,770

Swanel, inc. was initially approved for PPP Loan of amount $427,770, the current approved amount is $427,770. The loan was approved on 04/09/2020 by The Horizon Bank reported 38 jobs and $427,770 was used to fund payroll.

Swanel, inc. is Existing or more than 2 years old

PPP Loan Search / IN / HAMMOND / Swanel, inc.

SWANEL, INC.

Date Approved

04/09/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

SWANEL, INC.

Borrower Address

6044 ERIE AVE

Borrower City

HAMMOND

Borrower State

IN

Borrower Zip

46320-2532

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

427770.00

Current Approval Amount

427770.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HAMMOND

Project County Name

LAKE

Project State

IN

Project Zip

46320-2532

CD

IN-01

Jobs Reported

38

NAICS Code

424450

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

28518.00

Payroll Proceed

342216.00

Mortgage Interest Proceed

28518.00

Rent Proceed

28518.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

430653.05

Forgiveness Date

12/28/2020

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