PPP Loan information for Material systems, inc.

$151,647

Material systems, inc. was initially approved for PPP Loan of amount $151,647, the current approved amount is $151,647. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 10 jobs and $151,647 was used to fund payroll.

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

PPP Loan Search / IL / DES PLAINES / Material systems, inc.

MATERIAL SYSTEMS, INC.

Date Approved

05/01/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MATERIAL SYSTEMS, INC.

Borrower Address

2297 S MOUNT PROSPECT RD

Borrower City

DES PLAINES

Borrower State

IL

Borrower Zip

60018

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

151647.00

Current Approval Amount

151647.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DES PLAINES

Project County Name

COOK

Project State

IL

Project Zip

60018-0501

CD

IL-08

Jobs Reported

10

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1200.00

Payroll Proceed

109097.00

Mortgage Interest Proceed

0.00

Rent Proceed

25500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

15850.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

152571.71

Forgiveness Date

12/14/2020

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