PPP Loan information for Midwest transit equipment, inc.

$4,478,761

Midwest transit equipment, inc. was initially approved for PPP Loan of amount $4,478,761, the current approved amount is $4,478,761. The loan was approved on 04/05/2020 by The Wintrust Bank, National Association reported 300 jobs and $4,478,761 was used to fund payroll.

Midwest transit equipment, inc. is Existing or more than 2 years old

PPP Loan Search / IL / KANKAKEE / Midwest transit equipment, inc.

MIDWEST TRANSIT EQUIPMENT, INC.

Date Approved

04/05/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MIDWEST TRANSIT EQUIPMENT, INC.

Borrower Address

146 W. ISSERT DR.

Borrower City

KANKAKEE

Borrower State

IL

Borrower Zip

60901-7134

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4478761.00

Current Approval Amount

4478761.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119179

Servicing Lender Name

Wintrust Bank, National Association

Servicing Lender Address

231 S LaSalle St, 13th Fl

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60604-1471

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KANKAKEE

Project County Name

KANKAKEE

Project State

IL

Project Zip

60901-7134

CD

IL-02

Jobs Reported

300

NAICS Code

485113

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

100000.00

Payroll Proceed

4078761.00

Mortgage Interest Proceed

100000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

200000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

119179

Originating Lender

Wintrust Bank, National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

4532630.54

Forgiveness Date

06/22/2021

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