BABSCO SUPPLY, INC. (IN) - 2020 PPP Loan Borrower Profile (# 6643857003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BABSCO SUPPLY, 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

6643857003

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$195,800

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$196,887.78

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,820

Payroll Proced

171,396

Rent Proceed

19,584

Lender

Lake City Bank

Business Detail

Business Type

Employee Stock Ownership Plan(ESOP)

NAICS

423610

Borrower Location

ELKHART, IN

Project Location

ELKHART, 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.