PPP Loan information for Lorenz appliance inc

$142,514

Lorenz appliance inc was initially approved for PPP Loan of amount $142,514, the current approved amount is $142,514. The loan was approved on 01/25/2021 by The Town Center Bank reported 21 jobs and $142,514 was used to fund payroll.

Lorenz appliance inc is Existing or more than 2 years old

LORENZ APPLIANCE INC

Date Approved

01/25/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

LORENZ APPLIANCE INC

Borrower Address

18320 Governors Hwy

Borrower City

Homewood

Borrower State

IL

Borrower Zip

60430-2910

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

142514.32

Current Approval Amount

142514.32

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

443578

Servicing Lender Name

Town Center Bank

Servicing Lender Address

20181 S LaGrange Rd

Servicing Lender City

FRANKFORT

Servicing Lender State

IL

Servicing Lender Zip

60423-3102

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Homewood

Project County Name

COOK

Project State

IL

Project Zip

60430-2910

CD

IL-02

Jobs Reported

21

NAICS Code

443141

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

142512.32

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

443578

Originating Lender

Town Center Bank

Originating Lender City

FRANKFORT

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

143484.21

Forgiveness Date

09/28/2021

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