PPP Loan information for Merchant services midwest inc.

Date Approved

02/13/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MERCHANT SERVICES MIDWEST INC.

Borrower Address

3051 Oak Grove Rd # 2

Borrower City

Downers Grove

Borrower State

IL

Borrower Zip

60515-1156

Loan Status Date

04/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

580000.00

Current Approval Amount

580000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22237

Servicing Lender Name

American Commercial Bank & Trust, National Association

Servicing Lender Address

701 LaSalle St

Servicing Lender City

OTTAWA

Servicing Lender State

IL

Servicing Lender Zip

61350-5011

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Downers Grove

Project County Name

DUPAGE

Project State

IL

Project Zip

60515-1156

CD

IL-06

Jobs Reported

45

NAICS Code

522320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

579997.00

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

22237

Originating Lender

American Commercial Bank & Trust, National Association

Originating Lender City

OTTAWA

Originating Lender State

IL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

586363.89

Forgiveness Date

03/21/2022