BCI SOLUTIONS, INC (IN) - 2020 PPP Loan Borrower Profile (# 5542957005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BCI SOLUTIONS, 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

5542957005

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$2,502,000

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$2,531,398.5

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

318,000

Payroll Proced

1,925,000

Rent Proceed

15,000

Health Care Proceed

156,000

Debt Interest Proceed

88,000

Lender

Lake City Bank

Business Detail

Business Type

Corporation

NAICS

331511

Borrower Location

BREMEN, IN

Project Location

BREMEN, IN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

227

Business Age Description

Existing or more than 2 years old

Data Source: SBA.