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Hochstetler Grain Equipment INC

$477,200 PPP Loan in Nappanee, Indiana

Loan Details

Loan Number
6744297000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$477,200
Current Approval
$477,200
Forgiveness Amount
$480,061
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Hochstetler Grain Equipment INC
Address
355 Tomahawk Trl
City
Nappanee
State
Indiana
ZIP Code
46550-9466
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423820)
Business Age
Existing or more than 2 years old
Jobs Reported
37
Estimated Revenue
$11.3M
Rural/Urban
Urban
Congressional District
IN-02

Loan Use Breakdown

Payroll
$422,376
Rent
$7,500
Utilities
$16,004
Health Care
$31,319

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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