ASCOT ENTERPRISES INC (IN) - 2020 PPP Loan Borrower Profile (# 5824187008)

Updated on April 18, 2025.

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

5824187008

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$1,261,000

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$1,267,978.68

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

945,750

Rent Proceed

315,250

Lender

Busey Bank

Business Detail

Business Type

Corporation

NAICS

314120

Borrower Location

NAPPANEE, IN

Project Location

NAPPANEE, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

231

Business Age Description

Existing or more than 2 years old

Data Source: SBA.