ADAPTEK SYSTEMS INC (IN) - 2020 PPP Loan Borrower Profile (# 4371327102)

Updated on April 18, 2025.

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

4371327102

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$571,200

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$575,008

Date Loan was Forgiven

Dec 17, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

571,200

Lender

1st Source Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

541330

Borrower Location

FORT WAYNE, IN

Project Location

FORT WAYNE, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.