PPP Loan information for Accelerated machine design

$493,408

Accelerated machine design was initially approved for PPP Loan of amount $493,408, the current approved amount is $493,408. The loan was approved on 03/18/2021 by The Midland States Bank reported 33 jobs and $493,408 was used to fund payroll.

Accelerated machine design is Existing or more than 2 years old

PPP Loan Search / IL / Rockford / Accelerated machine design

ACCELERATED MACHINE DESIGN

Date Approved

03/18/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

ACCELERATED MACHINE DESIGN

Borrower Address

3044 Eastrock Ct

Borrower City

Rockford

Borrower State

IL

Borrower Zip

61109-1760

Loan Status Date

11/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

493408.20

Current Approval Amount

493408.20

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21299

Servicing Lender Name

Midland States Bank

Servicing Lender Address

110 S. 5th St

Servicing Lender City

EFFINGHAM

Servicing Lender State

IL

Servicing Lender Zip

62401-2453

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rockford

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61109-1760

CD

IL-17

Jobs Reported

33

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

493407.20

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

Limited Liability Company(LLC)

Originating Lender Location Id

21299

Originating Lender

Midland States Bank

Originating Lender City

EFFINGHAM

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

496274.02

Forgiveness Date

10/25/2021

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