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Sauers Motors, Inc.

$449,287 PPP Loan in La Porte, Indiana

Loan Details

Loan Number
7602387002
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$449,287
Current Approval
$449,287
Forgiveness Amount
$453,521
Forgiveness Date
Mar 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sauers Motors, Inc.
Address
1900 E Lincolnway
City
La Porte
State
Indiana
ZIP Code
46350-3992
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
$12.1M
Rural/Urban
Rural
Congressional District
IN-02

Loan Use Breakdown

Payroll
$359,430
Utilities
$44,929
Health Care
$44,929

Lender Information

Servicing Lender
Horizon Bank
Originating Lender
Horizon Bank

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