1ST XIT INC. (IN) - 2020 PPP Loan Borrower Profile (# 8794377008)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to 1ST XIT 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
8794377008
SBA Office Code
0562
Processing Method
PPP
Curent Loan Amount
$38,887
Date Loan was Approved
Apr 8, 2020
Amount Forgiven
$39,376.02
Date Loan was Forgiven
Jul 26, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Utilities Proced
2,592
Payroll Proced
31,110
Mortgage Interest Proceed
2,592
Rent Proceed
2,593
Lender
Horizon Bank
Business Detail
Business Type
Subchapter S Corporation
NAICS
531210
Borrower Location
LA PORTE, IN
Project Location
LA PORTE, IN
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
3
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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