PPP Loan information for Induction heat treating corporation

$643,400

Induction heat treating corporation was initially approved for PPP Loan of amount $643,400, the current approved amount is $643,400. The loan was approved on 06/29/2021 by The American Community Bank & Trust reported 51 jobs and $643,400 was used to fund payroll.

Induction heat treating corporation is Existing or more than 2 years old

PPP Loan Search / IL / Crystal Lake / Induction heat treating corporation

INDUCTION HEAT TREATING CORPORATION

Date Approved

06/29/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

INDUCTION HEAT TREATING CORPORATION

Borrower Address

775 Tek Dr

Borrower City

Crystal Lake

Borrower State

IL

Borrower Zip

60014-8172

Loan Status Date

05/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

643400.00

Current Approval Amount

643400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124396

Servicing Lender Name

American Community Bank & Trust

Servicing Lender Address

1290 Lake Ave

Servicing Lender City

WOODSTOCK

Servicing Lender State

IL

Servicing Lender Zip

60098-7415

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Crystal Lake

Project County Name

MCHENRY

Project State

IL

Project Zip

60014-8172

CD

IL-09

Jobs Reported

51

NAICS Code

332811

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

643397.00

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

124396

Originating Lender

American Community Bank & Trust

Originating Lender City

WOODSTOCK

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

648386.35

Forgiveness Date

04/12/2022

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