BANKS MACHINE & ENGINEERING, INC (IN) - 2020 PPP Loan Borrower Profile (# 6293837301)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to BANKS MACHINE & ENGINEERING, 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
6293837301
SBA Office Code
0562
Processing Method
PPP
Curent Loan Amount
$1,089,900
Date Loan was Approved
Apr 30, 2020
Amount Forgiven
$1,098,589.34
Date Loan was Forgiven
Feb 17, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
1,089,900
Lender
The National Bank of Indianapolis
Business Detail
Business Type
Corporation
NAICS
561499
Borrower Location
Shelbyville, IN
Project Location
Shelbyville, IN
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
78
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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