PPP Loan information for Chicago magnesium casting company

$1,461,200

Chicago magnesium casting company was initially approved for PPP Loan of amount $1,461,200, the current approved amount is $1,461,200. The loan was approved on 04/08/2020 by The Merchants and Manufacturers Bank reported 146 jobs and $1,461,200 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

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

CHICAGO MAGNESIUM CASTING COMPANY

Borrower Address

14101 S. Seeley Avenue

Borrower City

BLUE ISLAND

Borrower State

IL

Borrower Zip

60406-3779

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1461200.00

Current Approval Amount

1461200.00

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

N

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

146

NAICS Code

332999

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

52580.00

Payroll Proceed

1254054.00

Mortgage Interest Proceed

16533.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

138033.00

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

1373885.12

Forgiveness Date

02/18/2021

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