PPP Loan information for Engineered abrasives inc.

$505,880

Engineered abrasives inc. was initially approved for PPP Loan of amount $505,880, the current approved amount is $505,880. The loan was approved on 01/20/2021 by The Old National Bank reported 43 jobs and $505,880 was used to fund payroll.

Engineered abrasives inc. is Existing or more than 2 years old

PPP Loan Search / IL / Alsip / Engineered abrasives inc.

ENGINEERED ABRASIVES INC.

Date Approved

01/20/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

ENGINEERED ABRASIVES INC.

Borrower Address

11631 S Austin Ave

Borrower City

Alsip

Borrower State

IL

Borrower Zip

60803-6001

Loan Status Date

02/26/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

505880.00

Current Approval Amount

505880.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Alsip

Project County Name

COOK

Project State

IL

Project Zip

60803-6001

CD

IL-06

Jobs Reported

43

NAICS Code

333999

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

505877.00

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

Subchapter S Corporation

Originating Lender Location Id

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

511388.47

Forgiveness Date

02/17/2022

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