PPP Loan information for Avana electric motors inc.

$132,218

Avana electric motors inc. was initially approved for PPP Loan of amount $132,218, the current approved amount is $132,218. The loan was approved on 01/29/2021 by The Cornerstone National Bank & Trust Company reported 10 jobs and $132,218 was used to fund payroll.

Avana electric motors inc. is Existing or more than 2 years old

PPP Loan Search / IL / Elk Grove Village / Avana electric motors inc.

AVANA ELECTRIC MOTORS INC.

Date Approved

01/29/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

AVANA ELECTRIC MOTORS INC.

Borrower Address

1445 Brummel Ave

Borrower City

Elk Grove Village

Borrower State

IL

Borrower Zip

60007-2110

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

132218.00

Current Approval Amount

132218.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203014

Servicing Lender Name

Cornerstone National Bank & Trust Company

Servicing Lender Address

One W Northwest Hwy

Servicing Lender City

PALATINE

Servicing Lender State

IL

Servicing Lender Zip

60067-3570

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elk Grove Village

Project County Name

COOK

Project State

IL

Project Zip

60007-2110

CD

IL-03

Jobs Reported

10

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

132217.00

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

203014

Originating Lender

Cornerstone National Bank & Trust Company

Originating Lender City

PALATINE

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

132857.05

Forgiveness Date

07/30/2021

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