A.K. SHANNON EXCAVATING INC (IN) - 2020 PPP Loan Borrower Profile (# 4608308505)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A.K. SHANNON EXCAVATING 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

4608308505

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$77,376

Date Loan was Approved

Feb 26, 2021

Amount Forgiven

$34,013.44

Date Loan was Forgiven

Jan 25, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

77,370

Lender

First Merchants Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

237990

Borrower Location

Gwynneville, IN

Project Location

Gwynneville, IN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.