PPP Loan information for Chicago magnesium casting company

$1,885,027

Chicago magnesium casting company was initially approved for PPP Loan of amount $1,885,027, the current approved amount is $1,885,027. The loan was approved on 02/03/2021 by The Merchants and Manufacturers Bank reported 97 jobs and $1,885,027 was used to fund payroll.

Chicago magnesium casting company is Existing or more than 2 years old

PPP Loan Search / IL / Blue Island / Chicago magnesium casting company

CHICAGO MAGNESIUM CASTING COMPANY

Date Approved

02/03/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

CHICAGO MAGNESIUM CASTING COMPANY

Borrower Address

14101 Seeley Ave

Borrower City

Blue Island

Borrower State

IL

Borrower Zip

60406-3779

Loan Status Date

09/23/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1885027.00

Current Approval Amount

1885027.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21574

Servicing Lender Name

Merchants and Manufacturers Bank

Servicing Lender Address

801 S Briggs St

Servicing Lender City

JOLIET

Servicing Lender State

IL

Servicing Lender Zip

60433-9522

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Blue Island

Project County Name

COOK

Project State

IL

Project Zip

60406-3779

CD

IL-01

Jobs Reported

97

NAICS Code

331529

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1885024.00

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

21574

Originating Lender

Merchants and Manufacturers Bank

Originating Lender City

JOLIET

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1895656.46

Forgiveness Date

08/31/2021

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