B & R SHAH INC (IN) - 2020 PPP Loan Borrower Profile (# 8876157103)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to B & R SHAH 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

8876157103

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$60,400

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$61,081.18

Date Loan was Forgiven

Jun 1, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,000

Payroll Proced

47,400

Rent Proceed

11,000

Lender

Citizens State Bank of New Castle

Business Detail

Business Type

Corporation

NAICS

722513

Borrower Location

NOBLESVILLE, IN

Project Location

NOBLESVILLE, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.