A & M SYSTEMS, INC. (IN) - 2020 PPP Loan Borrower Profile (# 7907617000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A & M SYSTEMS, 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

7907617000

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$247,400

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$248,946.25

Date Loan was Forgiven

Nov 30, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,000

Payroll Proced

240,400

Rent Proceed

4,000

Lender

Lake City Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

332321

Borrower Location

ELKHART, IN

Project Location

ELKHART, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.