Northern Indiana Axle, LLC

$192,500 PPP Loan in Nappanee, Indiana

Loan Details

Loan Number
8348427010
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$192,500
Current Approval
$192,500
Forgiveness Amount
$194,361
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Northern Indiana Axle, LLC
Address
1780 West Market Street
State
Indiana
ZIP Code
46550-9046
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (332721)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IN-02

Loan Use Breakdown

Payroll
$170,800
Rent
$7,000
Utilities
$5,000
Debt Interest
$9,700

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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