ADACO SPECIALTIES INC. (IN) - 2020 PPP Loan Borrower Profile (# 4405948509)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ADACO SPECIALTIES 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
4405948509
SBA Office Code
0562
Processing Method
PPP
Curent Loan Amount
$12,500
Date Loan was Approved
Feb 25, 2021
Amount Forgiven
$12,563.54
Date Loan was Forgiven
Sep 1, 2021
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
12,497
Lender
American Community Bank of Indiana
Business Detail
Business Type
Corporation
NAICS
424610
Borrower Location
Merrillville, IN
Project Location
Merrillville, IN
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
2
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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