ARCHBOLD AND LEWIS INSURANCE INC. (IN) - 2020 PPP Loan Borrower Profile (# 4940257204)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARCHBOLD AND LEWIS INSURANCE 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

4940257204

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$32,600

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$32,809.18

Date Loan was Forgiven

Dec 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

800

Payroll Proced

30,300

Rent Proceed

1,500

Lender

The Farmers & Merchants State Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

531210

Borrower Location

Ossian, IN

Project Location

Ossian, IN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.