PPP Loan information for Elite motors, inc.

$727,327

Elite motors, inc. was initially approved for PPP Loan of amount $727,327, the current approved amount is $727,327. The loan was approved on 01/19/2021 by The Belmont Bank & Trust Company reported 40 jobs and $727,327 was used to fund payroll.

Elite motors, inc. is Existing or more than 2 years old

PPP Loan Search / IL / Waukegan / Elite motors, inc.

ELITE MOTORS, INC.

Date Approved

01/19/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

ELITE MOTORS, INC.

Borrower Address

100 N Green Bay Rd

Borrower City

Waukegan

Borrower State

IL

Borrower Zip

60085-4409

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

727327.00

Current Approval Amount

727327.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

441312

Servicing Lender Name

Belmont Bank & Trust Company

Servicing Lender Address

8250 W Belmont Ave

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60634

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Waukegan

Project County Name

LAKE

Project State

IL

Project Zip

60085-4409

CD

IL-10

Jobs Reported

40

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

727324.00

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

441312

Originating Lender

Belmont Bank & Trust Company

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

731731.37

Forgiveness Date

09/07/2021

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