AMERICAN WEDGE COMPANY (IN) - 2020 PPP Loan Borrower Profile (# 2035057106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN WEDGE COMPANY. 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

2035057106

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$22,700

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$22,898.62

Date Loan was Forgiven

Mar 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

800

Payroll Proced

17,500

Rent Proceed

4,400

Lender

First Savings Bank

Business Detail

Business Type

Corporation

NAICS

321999

Borrower Location

SALEM, IN

Project Location

SALEM, IN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.