Peerless Gear, LLC

$566,000 PPP Loan in Salem, Indiana

Loan Details

Loan Number
9681137004
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$566,000
Current Approval
$566,000
Forgiveness Amount
$571,487
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Peerless Gear, LLC
Address
1555 S Jackson St
City
Salem
State
Indiana
ZIP Code
47167-9189
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (333612)
Business Age
New Business or 2 years or less
Jobs Reported
56
Estimated Revenue
$14.7M
Rural/Urban
Rural
Congressional District
IN-09

Loan Use Breakdown

Payroll
$452,000
Rent
$55,000
Utilities
$59,000

Lender Information

Servicing Lender
First Mid Bank & Trust, National Association
Originating Lender
First Mid Bank and Trust National Association

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