AMERICAN AUTOMOTIVE SERVICES, INC. (IN) - 2020 PPP Loan Borrower Profile (# 7875827009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN AUTOMOTIVE SERVICES, 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

7875827009

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$53,089

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$53,378.44

Date Loan was Forgiven

Nov 2, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,541

Payroll Proced

42,470

Mortgage Interest Proceed

3,539

Rent Proceed

3,539

Lender

Horizon Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811111

Borrower Location

LAFAYETTE, IN

Project Location

LAFAYETTE, 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.