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Schafer Powder Coating, Inc.

$666,322 PPP Loan in Carmel, Indiana

Loan Details

Loan Number
5224267004
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$666,322
Current Approval
$666,322
Forgiveness Amount
$671,412
Forgiveness Date
Jan 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Schafer Powder Coating, Inc.
Address
4518 West 99th Street
City
Carmel
State
Indiana
ZIP Code
46032-7715
Business Type
Corporation
Industry (NAICS)
Manufacturing (332812)
Business Age
Existing or more than 2 years old
Jobs Reported
56
Estimated Revenue
$13.7M
Rural/Urban
Urban
Congressional District
IN-05

Loan Use Breakdown

Payroll
$499,742
Rent
$133,264
Utilities
$33,316

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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