PPP Loan information for Anchor abrasives company

$894,403

Anchor abrasives company was initially approved for PPP Loan of amount $698,647, the current approved amount is $894,403. The loan was approved on 01/20/2021 by The Old National Bank reported 46 jobs and $894,403 was used to fund payroll.

Anchor abrasives company is Existing or more than 2 years old

ANCHOR ABRASIVES COMPANY

Date Approved

01/20/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

ANCHOR ABRASIVES COMPANY

Borrower Address

7651 185th St

Borrower City

Tinley Park

Borrower State

IL

Borrower Zip

60477-6267

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

698647.00

Current Approval Amount

894403.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Tinley Park

Project County Name

WILL

Project State

IL

Project Zip

60477-6267

CD

IL-01

Jobs Reported

46

NAICS Code

327910

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

894400.00

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

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

900316.00

Forgiveness Date

09/28/2021

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