PPP Loan information for Absolute grinding & manufacturing, inc.

$199,000

Absolute grinding & manufacturing, inc. was initially approved for PPP Loan of amount $199,000, the current approved amount is $199,000. The loan was approved on 04/13/2020 by The Blackhawk Bank reported 27 jobs and $199,000 was used to fund payroll.

Absolute grinding & manufacturing, inc. is Existing or more than 2 years old

PPP Loan Search / IL / ROCKFORD / Absolute grinding & manufacturing, inc.

ABSOLUTE GRINDING & MANUFACTURING, INC.

Date Approved

04/13/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

ABSOLUTE GRINDING & MANUFACTURING, INC.

Borrower Address

2400 11TH ST

Borrower City

ROCKFORD

Borrower State

IL

Borrower Zip

61104-7218

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

199000.00

Current Approval Amount

199000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

117081

Servicing Lender Name

Blackhawk Bank

Servicing Lender Address

400 Broad St

Servicing Lender City

BELOIT

Servicing Lender State

WI

Servicing Lender Zip

53511-6223

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCKFORD

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61104-7218

CD

IL-17

Jobs Reported

27

NAICS Code

332813

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13847.00

Payroll Proceed

185153.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

117081

Originating Lender

Blackhawk Bank

Originating Lender City

BELOIT

Originating Lender State

WI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

200077.92

Forgiveness Date

11/03/2020

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