PPP Loan information for Mechanical devices company

$1,944,800

Mechanical devices company was initially approved for PPP Loan of amount $1,944,800, the current approved amount is $1,944,800. The loan was approved on 04/04/2020 by The First State Bank reported 155 jobs and $1,944,800 was used to fund payroll.

Mechanical devices company is Existing or more than 2 years old

PPP Loan Search / IL / BLOOMINGTON / Mechanical devices company

MECHANICAL DEVICES COMPANY

Date Approved

04/04/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MECHANICAL DEVICES COMPANY

Borrower Address

2005 GE Road

Borrower City

BLOOMINGTON

Borrower State

IL

Borrower Zip

61704-1320

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1944800.00

Current Approval Amount

1944800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21955

Servicing Lender Name

First State Bank

Servicing Lender Address

706 Washington St

Servicing Lender City

MENDOTA

Servicing Lender State

IL

Servicing Lender Zip

61342-1628

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BLOOMINGTON

Project County Name

MCLEAN

Project State

IL

Project Zip

61704-1320

CD

IL-16

Jobs Reported

155

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

90000.00

Payroll Proceed

1679800.00

Mortgage Interest Proceed

75000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

100000

Business Type

Corporation

Originating Lender Location Id

21955

Originating Lender

First State Bank

Originating Lender City

MENDOTA

Originating Lender State

IL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1962063.43

Forgiveness Date

03/05/2021

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