PPP Loan information for Business it source, inc.

$775,000

Business it source, inc. was initially approved for PPP Loan of amount $775,000, the current approved amount is $775,000. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 62 jobs and $775,000 was used to fund payroll.

Business it source, inc. is Existing or more than 2 years old

PPP Loan Search / IL / BUFFALO GROVE / Business it source, inc.

BUSINESS IT SOURCE, INC.

Date Approved

05/01/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

BUSINESS IT SOURCE, INC.

Borrower Address

850 ASBURY DR UNIT B

Borrower City

BUFFALO GROVE

Borrower State

IL

Borrower Zip

60089

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

775000.00

Current Approval Amount

775000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BUFFALO GROVE

Project County Name

LAKE

Project State

IL

Project Zip

60089-1000

CD

IL-09

Jobs Reported

62

NAICS Code

541512

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12000.00

Payroll Proceed

640500.00

Mortgage Interest Proceed

0.00

Rent Proceed

61000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

61500.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

780548.57

Forgiveness Date

01/20/2021

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