BANKS MACHINE & ENGINEERING INC (IN) - 2020 PPP Loan Borrower Profile (# 6737688400)

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

6737688400

SBA Office Code

0562

Processing Method

PPS

Curent Loan Amount

$1,173,595

Date Loan was Approved

Feb 10, 2021

Amount Forgiven

$1,183,691.13

Date Loan was Forgiven

Dec 23, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

1,173,595

Lender

The National Bank of Indianapolis

Business Detail

Business Type

Corporation

NAICS

333318

Borrower Location

Shelbyville, IN

Project Location

Shelbyville, IN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.