PPP Loan information for Idea tech solutions inc

$540,000

Idea tech solutions inc was initially approved for PPP Loan of amount $540,000, the current approved amount is $540,000. The loan was approved on 05/13/2020 by The First United Bank and Trust Company reported 42 jobs and $540,000 was used to fund payroll.

Idea tech solutions inc is Existing or more than 2 years old

PPP Loan Search / IL / SCHAUMBURG / Idea tech solutions inc

IDEA TECH SOLUTIONS INC

Date Approved

05/13/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

IDEA TECH SOLUTIONS INC

Borrower Address

850 E Higgins Rd, Ste 125j

Borrower City

SCHAUMBURG

Borrower State

IL

Borrower Zip

60173-4788

Loan Status Date

02/26/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

540000.00

Current Approval Amount

540000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58899

Servicing Lender Name

First United Bank and Trust Company

Servicing Lender Address

1400 W Main St

Servicing Lender City

DURANT

Servicing Lender State

OK

Servicing Lender Zip

74701-4906

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SCHAUMBURG

Project County Name

COOK

Project State

IL

Project Zip

60173-4788

CD

IL-08

Jobs Reported

42

NAICS Code

541512

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4000.00

Payroll Proceed

535500.00

Mortgage Interest Proceed

0.00

Rent Proceed

500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

58899

Originating Lender

First United Bank and Trust Company

Originating Lender City

DURANT

Originating Lender State

OK

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

543979.73

Forgiveness Date

02/09/2021

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