BEST FORMED PLASTICS, LLC (IN) - 2020 PPP Loan Borrower Profile (# 5865947105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BEST FORMED PLASTICS, LLC. 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

5865947105

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$314,500

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$316,526.78

Date Loan was Forgiven

Dec 10, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

78,600

Payroll Proced

235,900

Lender

First State Bank of Middlebury

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

326199

Borrower Location

ELKHART, IN

Project Location

ELKHART, IN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.