PPP Loan information for Area material, inc.

$225,319

Area material, inc. was initially approved for PPP Loan of amount $225,319, the current approved amount is $225,319. The loan was approved on 06/10/2020 by The Schaumburg Bank & Trust Company, National Association reported 15 jobs and $225,319 was used to fund payroll.

Area material, inc. is Existing or more than 2 years old

PPP Loan Search / IL / KANKAKEE / Area material, inc.

AREA MATERIAL, INC.

Date Approved

06/10/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

AREA MATERIAL, INC.

Borrower Address

1000 N. WASHINGTON AVE

Borrower City

KANKAKEE

Borrower State

IL

Borrower Zip

60901-2008

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

225319.00

Current Approval Amount

225319.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

222507

Servicing Lender Name

Schaumburg Bank & Trust Company, National Association

Servicing Lender Address

1180 E Higgins Rd

Servicing Lender City

SCHAUMBURG

Servicing Lender State

IL

Servicing Lender Zip

60173-4709

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

KANKAKEE

Project County Name

KANKAKEE

Project State

IL

Project Zip

60901-2008

CD

IL-02

Jobs Reported

15

NAICS Code

423320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

28164.87

Payroll Proceed

168989.25

Mortgage Interest Proceed

28164.88

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

222507

Originating Lender

Schaumburg Bank & Trust Company, National Association

Originating Lender City

SCHAUMBURG

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

226846.16

Forgiveness Date

02/11/2021

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