PPP Loan information for Parallel machine products inc.

$83,546

Parallel machine products inc. was initially approved for PPP Loan of amount $83,546, the current approved amount is $83,546. The loan was approved on 04/10/2020 by The Old Second National Bank reported 8 jobs and $83,546 was used to fund payroll.

Parallel machine products inc. is Existing or more than 2 years old

PPP Loan Search / IL / PALATINE / Parallel machine products inc.

PARALLEL MACHINE PRODUCTS INC.

Date Approved

04/10/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

PARALLEL MACHINE PRODUCTS INC.

Borrower Address

PARALLEL MACHINE PRODUCTS, INC.

Borrower City

PALATINE

Borrower State

IL

Borrower Zip

60067

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

83546.00

Current Approval Amount

83546.00

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

PALATINE

Project County Name

COOK

Project State

IL

Project Zip

60067-0200

CD

IL-05

Jobs Reported

8

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

83546.00

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

Unanswered

Non Profit

Forgiveness Amount

84295.59

Forgiveness Date

03/08/2021

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