AMERIFAB, INC. (IN) - 2020 PPP Loan Borrower Profile (# 9888667007)

Updated on April 18, 2025.

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

9888667007

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$1,665,745

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$1,685,334.16

Date Loan was Forgiven

Jun 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

35,000

Payroll Proced

1,518,745

Mortgage Interest Proceed

Rent Proceed

80,000

Refinance EIDL Proceed

Health Care Proceed

Debt Interest Proceed

32,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

332312

Borrower Location

INDIANAPOLIS, IN

Project Location

INDIANAPOLIS, 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.