ACARA INC (IN) - 2020 PPP Loan Borrower Profile (# 2040338500)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACARA 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

2040338500

SBA Office Code

0562

Processing Method

PPS

Curent Loan Amount

$19,925

Date Loan was Approved

Feb 19, 2021

Amount Forgiven

$20,016.16

Date Loan was Forgiven

Aug 6, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

19,925

Lender

The Farmers Bank, Frankfort, Indiana

Business Detail

Business Type

Corporation

NAICS

541512

Borrower Location

Carmel, IN

Project Location

Carmel, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.