Panel Solutions Inc.
5015 Verdant Drive, Elkhart, IN 46516 · Paper Bag and Coated and Treated Paper Manufacturing (NAICS 322220)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$9.5M
Jobs Supported
293
Years Active
2015–2018
Loan History (2)
Source: SBA FOIA7(a)$4,527,200
Paid in Full
- Approved
- Nov 14, 2017 (FY2018)
- SBA Guaranteed
- $3,395,400 (75%)
- Term
- 204 months (17.0 yrs)
- Interest Rate
- 4.75%
- Revolver
- 0
- Jobs Supported
- 205
- Business Type
- Corporation
- Business Age
- Existing, 5 or More Years
- Industry
- Paper Bag and Coated and Treated Paper Manufacturing (NAICS 322220)
- Paid in Full
- Aug 31, 2025
Lender
Old National Bank
One Main St, Evansville, IN 47708
Project Location
Elkhart County, IN
7(a)$5,000,000
Paid in Full
- Approved
- Jan 22, 2015 (FY2015)
- SBA Guaranteed
- $3,750,000 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 4.25%
- Revolver
- 0
- Jobs Supported
- 88
- Business Type
- Corporation
- Industry
- All Other Converted Paper Product Manufacturing (NAICS 322299)
- Paid in Full
- Oct 31, 2017
Lender
First State Bank of Middlebury
111 S Main St, Middlebury, IN 46540
Project Location
Elkhart County, IN
Business Details
- Business Type
- Corporation
- Business Age
- Existing, 5 or More Years
- NAICS Code
- 322220 — Paper Bag and Coated and Treated Paper Manufacturing
- Address
- 5015 Verdant Drive
Elkhart, IN 46516
Lenders
- Old National Bank
- One Main St, Evansville, IN 47708
- First State Bank of Middlebury
- 111 S Main St, Middlebury, IN 46540