PPP Loan information for Instrucon, inc.

$351,506

Instrucon, inc. was initially approved for PPP Loan of amount $351,506, the current approved amount is $351,506. The loan was approved on 04/10/2020 by The Midland States Bank reported 20 jobs and $351,506 was used to fund payroll.

Instrucon, inc. is Existing or more than 2 years old

PPP Loan Search / IL / ROCKFORD / Instrucon, inc.

INSTRUCON, INC.

Date Approved

04/10/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

INSTRUCON, INC.

Borrower Address

3415 PRECISION DRIVE

Borrower City

ROCKFORD

Borrower State

IL

Borrower Zip

61109-2771

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

351506.00

Current Approval Amount

351506.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21299

Servicing Lender Name

Midland States Bank

Servicing Lender Address

110 S. 5th St

Servicing Lender City

EFFINGHAM

Servicing Lender State

IL

Servicing Lender Zip

62401-2453

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCKFORD

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61109-2771

CD

IL-17

Jobs Reported

20

NAICS Code

811219

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

8788.00

Payroll Proceed

333931.00

Mortgage Interest Proceed

0.00

Rent Proceed

8787.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

21299

Originating Lender

Midland States Bank

Originating Lender City

EFFINGHAM

Originating Lender State

IL

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

353586.15

Forgiveness Date

11/17/2020

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