PPP Loan information for Motor werks of barrington, inc

$5,471,500

Motor werks of barrington, inc was initially approved for PPP Loan of amount $5,471,500, the current approved amount is $5,471,500. The loan was approved on 04/07/2020 by The Barrington Bank & Trust Company, National Association reported 346 jobs and $5,471,500 was used to fund payroll.

Motor werks of barrington, inc is Existing or more than 2 years old

PPP Loan Search / IL / BARRINGTON / Motor werks of barrington, inc

MOTOR WERKS OF BARRINGTON, INC

Date Approved

04/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MOTOR WERKS OF BARRINGTON, INC

Borrower Address

1475 S BARRINGTON RD

Borrower City

BARRINGTON

Borrower State

IL

Borrower Zip

60010-5205

Loan Status Date

05/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5471500.00

Current Approval Amount

5471500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121149

Servicing Lender Name

Barrington Bank & Trust Company, National Association

Servicing Lender Address

201 S Hough St

Servicing Lender City

BARRINGTON

Servicing Lender State

IL

Servicing Lender Zip

60010-4321

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BARRINGTON

Project County Name

COOK

Project State

IL

Project Zip

60010-5205

CD

IL-05

Jobs Reported

346

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

547150.00

Payroll Proceed

4377200.00

Mortgage Interest Proceed

0.00

Rent Proceed

547150.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

121149

Originating Lender

Barrington Bank & Trust Company, National Association

Originating Lender City

BARRINGTON

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

5525911.03

Forgiveness Date

04/12/2021

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