PPP Loan information for Parallel machine products inc.

$100,873

Parallel machine products inc. was initially approved for PPP Loan of amount $100,873, the current approved amount is $100,873. The loan was approved on 01/27/2021 by The Old Second National Bank reported 8 jobs and $100,873 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

01/27/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

PARALLEL MACHINE PRODUCTS INC.

Borrower Address

255 N Woodwork Ln

Borrower City

Palatine

Borrower State

IL

Borrower Zip

60067-4930

Loan Status Date

01/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

100873.00

Current Approval Amount

100873.00

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

60067-4930

CD

IL-05

Jobs Reported

8

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

100871.00

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

101764.04

Forgiveness Date

12/14/2021

;