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 01/28/2021 by The Schaumburg Bank & Trust Company, National Association reported 13 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

01/28/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

AREA MATERIAL INC.

Borrower Address

1000 N Washington Ave

Borrower City

Kankakee

Borrower State

IL

Borrower Zip

60901-2008

Loan Status Date

12/18/2021

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

13

NAICS Code

423320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

225319.00

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

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

227052.70

Forgiveness Date

11/09/2021

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