PPP Loan information for Mercator global logistics

$500,000

Mercator global logistics was initially approved for PPP Loan of amount $500,000, the current approved amount is $500,000. The loan was approved on 05/29/2020 by The Celtic Bank Corporation reported 10 jobs and $500,000 was used to fund payroll.

Mercator global logistics is Existing or more than 2 years old

MERCATOR GLOBAL LOGISTICS

Date Approved

05/29/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MERCATOR GLOBAL LOGISTICS

Borrower Address

2300 East Higgins Road

Borrower City

Elk Grove Village

Borrower State

IL

Borrower Zip

60007-2600

Loan Status Date

07/16/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500000.00

Current Approval Amount

500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

223542

Servicing Lender Name

Celtic Bank Corporation

Servicing Lender Address

268 S State St, Ste 300

Servicing Lender City

SALT LAKE CITY

Servicing Lender State

UT

Servicing Lender Zip

84111-5314

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Elk Grove Village

Project County Name

COOK

Project State

IL

Project Zip

60007-2600

CD

IL-03

Jobs Reported

10

NAICS Code

484110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

62500.00

Payroll Proceed

375000.00

Mortgage Interest Proceed

0.00

Rent Proceed

62500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

223542

Originating Lender

Celtic Bank Corporation

Originating Lender City

SALT LAKE CITY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;