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Spm Development INC

$275,000 PPP Loan in Haubstadt, Indiana

Loan Details

Loan Number
4624087003
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$275,000
Current Approval
$275,000
Forgiveness Amount
$276,537
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Spm Development INC
Address
304 E State Rd 68
City
Haubstadt
State
Indiana
ZIP Code
47639
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (236118)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$7.0M
Rural/Urban
Rural
Congressional District
IN-08

Loan Use Breakdown

Payroll
$220,000
Rent
$13,750
Utilities
$27,500
Mortgage Interest
$13,750

Lender Information

Servicing Lender
Liberty Federal Credit Union
Originating Lender
Liberty Federal Credit Union

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