BENSON MOTORCYCLES, INC (IN) - 2020 PPP Loan Borrower Profile (# 5445687103)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BENSON MOTORCYCLES, 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

5445687103

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$191,000

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$192,247.53

Date Loan was Forgiven

Feb 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

169,200

Mortgage Interest Proceed

18,000

Rent Proceed

3,800

Lender

Northwest Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

336991

Borrower Location

MUNCIE, IN

Project Location

MUNCIE, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.