PPP Loan information for Converting technology, inc.

$899,600

Converting technology, inc. was initially approved for PPP Loan of amount $899,600, the current approved amount is $899,600. The loan was approved on 04/13/2020 by The CIBC Bank USA reported 82 jobs and $899,600 was used to fund payroll.

Converting technology, inc. is Existing or more than 2 years old

PPP Loan Search / IL / ELK GROVE VILLAGE / Converting technology, inc.

CONVERTING TECHNOLOGY, INC.

Date Approved

04/13/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

CONVERTING TECHNOLOGY, INC.

Borrower Address

1557 Carmen Drive

Borrower City

ELK GROVE VILLAGE

Borrower State

IL

Borrower Zip

60007-6501

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

899600.00

Current Approval Amount

899600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

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

60007-6501

CD

IL-03

Jobs Reported

82

NAICS Code

333514

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

899600.00

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

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

906772.15

Forgiveness Date

02/03/2021

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