PPP Loan information for Machinery systems, inc.

$730,100

Machinery systems, inc. was initially approved for PPP Loan of amount $730,100, the current approved amount is $730,100. The loan was approved on 04/05/2020 by The Town Bank, National Association reported 34 jobs and $730,100 was used to fund payroll.

Machinery systems, inc. is Existing or more than 2 years old

PPP Loan Search / IL / SCHAUMBURG / Machinery systems, inc.

MACHINERY SYSTEMS, INC.

Date Approved

04/05/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MACHINERY SYSTEMS, INC.

Borrower Address

614 E STATE PKWY

Borrower City

SCHAUMBURG

Borrower State

IL

Borrower Zip

60173-4533

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

730100.00

Current Approval Amount

730100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122838

Servicing Lender Name

Town Bank, National Association

Servicing Lender Address

850 W North Shore Dr

Servicing Lender City

HARTLAND

Servicing Lender State

WI

Servicing Lender Zip

53029-8355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SCHAUMBURG

Project County Name

COOK

Project State

IL

Project Zip

60173-4533

CD

IL-08

Jobs Reported

34

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

547600.00

Mortgage Interest Proceed

0.00

Rent Proceed

182500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122838

Originating Lender

Town Bank, National Association

Originating Lender City

HARTLAND

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

735048.46

Forgiveness Date

12/15/2020

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