PPP Loan information for Magnetic inspection laboratory inc.

$2,000,000

Magnetic inspection laboratory inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/20/2021 by The Barrington Bank & Trust Company, National Association reported 146 jobs and $2,000,000 was used to fund payroll.

Magnetic inspection laboratory inc. is Existing or more than 2 years old

PPP Loan Search / IL / Elk Grove Village / Magnetic inspection laboratory inc.

MAGNETIC INSPECTION LABORATORY INC.

Date Approved

01/20/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MAGNETIC INSPECTION LABORATORY INC.

Borrower Address

1401 Greenleaf Ave

Borrower City

Elk Grove Village

Borrower State

IL

Borrower Zip

60007-5522

Loan Status Date

01/21/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121149

Servicing Lender Name

Barrington Bank & Trust Company, National Association

Servicing Lender Address

201 S Hough St

Servicing Lender City

BARRINGTON

Servicing Lender State

IL

Servicing Lender Zip

60010-4321

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elk Grove Village

Project County Name

COOK

Project State

IL

Project Zip

60007-5522

CD

IL-03

Jobs Reported

146

NAICS Code

332813

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

121149

Originating Lender

Barrington Bank & Trust Company, National Association

Originating Lender City

BARRINGTON

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2018500.00

Forgiveness Date

12/29/2021

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