PPP Loan information for Alternative bearings corp

$50,800

Alternative bearings corp was initially approved for PPP Loan of amount $50,800, the current approved amount is $50,800. The loan was approved on 04/27/2020 by The Union National Bank reported 4 jobs and $50,800 was used to fund payroll.

Alternative bearings corp is Unanswered

PPP Loan Search / IL / HOFFMAN ESTATES / Alternative bearings corp

ALTERNATIVE BEARINGS CORP

Date Approved

04/27/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

ALTERNATIVE BEARINGS CORP

Borrower Address

2200 Stonington Ave. Suite 170

Borrower City

HOFFMAN ESTATES

Borrower State

IL

Borrower Zip

60169

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50800.00

Current Approval Amount

50800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21320

Servicing Lender Name

Union National Bank

Servicing Lender Address

101 E Chicago St

Servicing Lender City

ELGIN

Servicing Lender State

IL

Servicing Lender Zip

60120-5583

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Unanswered

Project City

HOFFMAN ESTATES

Project County Name

COOK

Project State

IL

Project Zip

60169-0903

CD

IL-08

Jobs Reported

4

NAICS Code

425120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

50800.00

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

Subchapter S Corporation

Originating Lender Location Id

21320

Originating Lender

Union National Bank

Originating Lender City

ELGIN

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

51649.49

Forgiveness Date

12/21/2021

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