AKAL STORES LLC (IN) - 2020 PPP Loan Borrower Profile (# 1200627405)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AKAL STORES LLC. 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

1200627405

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$7,900

Date Loan was Approved

May 4, 2020

Amount Forgiven

$7,978.34

Date Loan was Forgiven

May 6, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

988

Payroll Proced

5,925

Rent Proceed

987

Lender

First Mid Bank & Trust, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

447110

Borrower Location

ELKHART, IN

Project Location

ELKHART, IN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.