PPP Loan information for Magnetic inspection laboratory, inc

$1,761,100

Magnetic inspection laboratory, inc was initially approved for PPP Loan of amount $1,761,100, the current approved amount is $1,761,100. The loan was approved on 04/05/2020 by The Barrington Bank & Trust Company, National Association reported 141 jobs and $1,761,100 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

04/05/2020

SBA Office Code

0507

Processing Method

PPP

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

06/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1761100.00

Current Approval Amount

1761100.00

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

141

NAICS Code

541380

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

176076.00

Payroll Proceed

1408948.00

Mortgage Interest Proceed

0.00

Rent Proceed

176076.00

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

1770932.81

Forgiveness Date

11/03/2020

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