231 AUTO EXCHANGE INC (IN) - 2020 PPP Loan Borrower Profile (# 1951087105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 231 AUTO EXCHANGE INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Indiana.

Loan Detail

Loan Number

1951087105

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$564,222

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$571,904.69

Date Loan was Forgiven

Sep 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

564,222

Lender

First Secure Bank and Trust Co.

Business Detail

Business Type

Corporation

NAICS

423110

Borrower Location

CROWN POINT, IN

Project Location

CROWN POINT, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.