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Newco Metals, Inc.

$410,900 PPP Loan in Pendleton, Indiana

Loan Details

Loan Number
6984737000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$410,900
Current Approval
$410,900
Forgiveness Amount
$413,742
Forgiveness Date
Dec 22, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Newco Metals, Inc.
Address
7268 S State Road 13
City
Pendleton
State
Indiana
ZIP Code
46064-9565
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423930)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$13.2M
Rural/Urban
Urban
Congressional District
IN-05

Loan Use Breakdown

Payroll
$309,000
Rent
$20,000
Utilities
$2,940
Health Care
$28,768
Debt Interest
$50,192

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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