PPP Loan information for Pan-oceanic engineering co., inc.

$2,062,250

Pan-oceanic engineering co., inc. was initially approved for PPP Loan of amount $2,062,250, the current approved amount is $2,062,250. The loan was approved on 04/14/2020 by The Old Second National Bank reported 70 jobs and $2,062,250 was used to fund payroll.

Pan-oceanic engineering co., inc. is Existing or more than 2 years old

PPP Loan Search / IL / CHICAGO / Pan-oceanic engineering co., inc.

PAN-OCEANIC ENGINEERING CO., INC.

Date Approved

04/14/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

PAN-OCEANIC ENGINEERING CO., INC.

Borrower Address

6436 West Higgins Ave

Borrower City

CHICAGO

Borrower State

IL

Borrower Zip

60656-2246

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2062250.00

Current Approval Amount

2062250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20282

Servicing Lender Name

Old Second National Bank

Servicing Lender Address

37 S River St

Servicing Lender City

AURORA

Servicing Lender State

IL

Servicing Lender Zip

60506-4173

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHICAGO

Project County Name

COOK

Project State

IL

Project Zip

60656-2246

CD

IL-05

Jobs Reported

70

NAICS Code

237310

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2062250.00

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

20282

Originating Lender

Old Second National Bank

Originating Lender City

AURORA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2086195.01

Forgiveness Date

06/11/2021

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