ARACO LLC (IN) - 2020 PPP Loan Borrower Profile (# 7185127101)

Updated on April 18, 2025.

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

7185127101

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$55,910

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$56,443.06

Date Loan was Forgiven

Apr 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,591

Payroll Proced

44,728

Rent Proceed

5,591

Lender

Horizon Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

722511

Borrower Location

VALPARAISO, IN

Project Location

VALPARAISO, IN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.