ADAMS REMCO INC (IN) - 2020 PPP Loan Borrower Profile (# 5725197005)

Updated on April 18, 2025.

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

5725197005

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$1,237,300

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$1,247,438.99

Date Loan was Forgiven

Feb 5, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

15,400

Payroll Proced

1,102,810

Rent Proceed

119,090

Lender

Lake City Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

532420

Borrower Location

SOUTH BEND, IN

Project Location

SOUTH BEND, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

129

Business Age Description

Existing or more than 2 years old

Data Source: SBA.