PPP Loan information for Accelerated machine design and engineeri

$386,035

Accelerated machine design and engineeri was initially approved for PPP Loan of amount $386,035, the current approved amount is $386,035. The loan was approved on 04/08/2020 by The Midland States Bank reported 35 jobs and $386,035 was used to fund payroll.

Accelerated machine design and engineeri is Existing or more than 2 years old

PPP Loan Search / IL / ROCKFORD / Accelerated machine design and engineeri

ACCELERATED MACHINE DESIGN AND ENGINEERI

Date Approved

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

ACCELERATED MACHINE DESIGN AND ENGINEERI

Borrower Address

3044 Eastrock Ct

Borrower City

ROCKFORD

Borrower State

IL

Borrower Zip

61109-1760

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

386035.00

Current Approval Amount

386035.00

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

Y

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

35

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1035.00

Payroll Proceed

385000.00

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

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

388404.09

Forgiveness Date

11/20/2020

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