PPP Loan information for Cherry's industrial equipment

$303,142

Cherry's industrial equipment was initially approved for PPP Loan of amount $303,142, the current approved amount is $303,142. The loan was approved on 04/07/2020 by The First Bank Chicago reported 18 jobs and $303,142 was used to fund payroll.

Cherry's industrial equipment is Existing or more than 2 years old

PPP Loan Search / IL / ELK GROVE VILLAGE / Cherry's industrial equipment

CHERRY'S INDUSTRIAL EQUIPMENT

Date Approved

04/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

CHERRY'S INDUSTRIAL EQUIPMENT

Borrower Address

600 Morse Ave

Borrower City

ELK GROVE VILLAGE

Borrower State

IL

Borrower Zip

60007-5102

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

303142.00

Current Approval Amount

303142.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21519

Servicing Lender Name

First Bank Chicago

Servicing Lender Address

1835 First St

Servicing Lender City

HIGHLAND PARK

Servicing Lender State

IL

Servicing Lender Zip

60035-3101

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

60007-5102

CD

IL-03

Jobs Reported

18

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

283142.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

21519

Originating Lender

First Bank Chicago

Originating Lender City

HIGHLAND PARK

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

305263.99

Forgiveness Date

12/28/2020

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