PPP Loan information for Midwest technical institute, inc.

$3,502,400

Midwest technical institute, inc. was initially approved for PPP Loan of amount $3,502,400, the current approved amount is $3,502,400. The loan was approved on 04/07/2020 by The Bank of Springfield reported 320 jobs and $3,502,400 was used to fund payroll.

Midwest technical institute, inc. is Existing or more than 2 years old

PPP Loan Search / IL / SPRINGFIELD / Midwest technical institute, inc.

MIDWEST TECHNICAL INSTITUTE, INC.

Date Approved

04/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MIDWEST TECHNICAL INSTITUTE, INC.

Borrower Address

2731 FARMERS MARKET RD

Borrower City

SPRINGFIELD

Borrower State

IL

Borrower Zip

62707-8805

Loan Status Date

07/02/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3502400.00

Current Approval Amount

3502400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22586

Servicing Lender Name

Bank of Springfield

Servicing Lender Address

2600 Stevenson Dr

Servicing Lender City

SPRINGFIELD

Servicing Lender State

IL

Servicing Lender Zip

62703-4328

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRINGFIELD

Project County Name

SANGAMON

Project State

IL

Project Zip

62707-8805

CD

IL-15

Jobs Reported

320

NAICS Code

611310

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3502400.00

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

Corporation

Originating Lender Location Id

22586

Originating Lender

Bank of Springfield

Originating Lender City

SPRINGFIELD

Originating Lender State

IL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3542701.59

Forgiveness Date

06/11/2021

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