PPP Loan information for Machine shop & supply inc.

$130,000

Machine shop & supply inc. was initially approved for PPP Loan of amount $130,000, the current approved amount is $130,000. The loan was approved on 01/19/2021 by The Northwest Bank of Rockford reported 15 jobs and $130,000 was used to fund payroll.

Machine shop & supply inc. is Existing or more than 2 years old

PPP Loan Search / IL / Rockford / Machine shop & supply inc.

MACHINE SHOP & SUPPLY INC.

Date Approved

01/19/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MACHINE SHOP & SUPPLY INC.

Borrower Address

606 S Avon St

Borrower City

Rockford

Borrower State

IL

Borrower Zip

61102-2120

Loan Status Date

04/23/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

130000.00

Current Approval Amount

130000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22504

Servicing Lender Name

Northwest Bank of Rockford

Servicing Lender Address

3106 N Rockton Ave

Servicing Lender City

ROCKFORD

Servicing Lender State

IL

Servicing Lender Zip

61103-2837

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

61102-2120

CD

IL-17

Jobs Reported

15

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

129999.00

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

22504

Originating Lender

Northwest Bank of Rockford

Originating Lender City

ROCKFORD

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

130834.17

Forgiveness Date

09/20/2021

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