AMERICAN ASPHALT CORPORATION (IN) - 2020 PPP Loan Borrower Profile (# 4008617308)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN ASPHALT CORPORATION. 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

4008617308

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$69,315

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$69,803.05

Date Loan was Forgiven

Jan 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

69,315

Lender

First Merchants Bank

Business Detail

Business Type

Corporation

NAICS

238910

Borrower Location

MUNCIE, IN

Project Location

MUNCIE, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.