PPP Loan information for Favco inc

$48,200

Favco inc was initially approved for PPP Loan of amount $48,200, the current approved amount is $48,200. The loan was approved on 04/14/2020 by The Bank of Hillsboro, National Association reported 23 jobs and $48,200 was used to fund payroll.

Favco inc is Existing or more than 2 years old

FAVCO INC

Date Approved

04/14/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

FAVCO INC

Borrower Address

3120 FOREST LAKE LN

Borrower City

STAUNTON

Borrower State

IL

Borrower Zip

62088-4200

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

48200.00

Current Approval Amount

48200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22110

Servicing Lender Name

Bank of Hillsboro, National Association

Servicing Lender Address

230 S Main St

Servicing Lender City

HILLSBORO

Servicing Lender State

IL

Servicing Lender Zip

62049-1131

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STAUNTON

Project County Name

MACOUPIN

Project State

IL

Project Zip

62088-4200

CD

IL-13

Jobs Reported

23

NAICS Code

713910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

48200.00

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

22110

Originating Lender

Bank of Hillsboro, National Association

Originating Lender City

HILLSBORO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

48540.70

Forgiveness Date

01/07/2021

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