PPP Loan information for Material solutions laboratory corporation

Date Approved

04/28/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MATERIAL SOLUTIONS LABORATORY CORPORATION

Borrower Address

1040 Bonaventure Drive

Borrower City

ELK GROVE VILLAGE

Borrower State

IL

Borrower Zip

60007

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

861300.00

Current Approval Amount

861300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

118394

Servicing Lender Name

Wheaton Bank & Trust Company, National Association

Servicing Lender Address

100 N Wheaton Ave

Servicing Lender City

WHEATON

Servicing Lender State

IL

Servicing Lender Zip

60187-5122

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

60007-1000

CD

IL-08

Jobs Reported

17

NAICS Code

621511

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

107662.00

Payroll Proceed

645975.00

Mortgage Interest Proceed

0.00

Rent Proceed

107663.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

118394

Originating Lender

Wheaton Bank & Trust Company, National Association

Originating Lender City

WHEATON

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

872855.78

Forgiveness Date

08/30/2021