PPP Loan information for Mcgrath 1620 inc.

$622,800

Mcgrath 1620 inc. was initially approved for PPP Loan of amount $622,800, the current approved amount is $622,800. The loan was approved on 01/23/2021 by The Comerica Bank reported 46 jobs and $622,800 was used to fund payroll.

Mcgrath 1620 inc. is Existing or more than 2 years old

PPP Loan Search / IL / Libertyville / Mcgrath 1620 inc.

MCGRATH 1620 INC.

Date Approved

01/23/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MCGRATH 1620 INC.

Borrower Address

1620 S Milwaukee Ave

Borrower City

Libertyville

Borrower State

IL

Borrower Zip

60048-3751

Loan Status Date

01/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

622800.00

Current Approval Amount

622800.00

Undisbursed Amount

0.00

Franchise Name

Acura Automobile Division - Dealer Sales and Service Agreement

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Libertyville

Project County Name

LAKE

Project State

IL

Project Zip

60048-3751

CD

IL-10

Jobs Reported

46

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

622800.00

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

Subchapter S Corporation

Originating Lender Location Id

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

628163.00

Forgiveness Date

12/06/2021

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