ARETE DEVELOPMENT CO LLC (IN) - 2020 PPP Loan Borrower Profile (# 2609277102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARETE DEVELOPMENT CO 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

2609277102

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$54,800

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$55,251.91

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

54,800

Lender

STAR Financial Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531110

Borrower Location

ROANOKE, IN

Project Location

ROANOKE, IN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.