PPP Loan information for Instrucon inc

$351,715

Instrucon inc was initially approved for PPP Loan of amount $351,715, the current approved amount is $351,715. The loan was approved on 02/11/2021 by The Midland States Bank reported 18 jobs and $351,715 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

02/11/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

INSTRUCON INC

Borrower Address

3415 Precision Dr

Borrower City

Rockford

Borrower State

IL

Borrower Zip

61109-2771

Loan Status Date

01/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

351714.57

Current Approval Amount

351714.57

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

18

NAICS Code

811219

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

351714.57

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

21299

Originating Lender

Midland States Bank

Originating Lender City

EFFINGHAM

Originating Lender State

IL

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

354528.29

Forgiveness Date

12/07/2021

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