PPP Loan information for Peterson electro-musical products

$571,749

Peterson electro-musical products was initially approved for PPP Loan of amount $494,388, the current approved amount is $571,749. The loan was approved on 04/14/2020 by The Grand Ridge National Bank reported 30 jobs and $571,749 was used to fund payroll.

Peterson electro-musical products is Existing or more than 2 years old

PPP Loan Search / IL / Alsip / Peterson electro-musical products

PETERSON ELECTRO-MUSICAL PRODUCTS

Date Approved

04/14/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

PETERSON ELECTRO-MUSICAL PRODUCTS

Borrower Address

11601 S Mayfield Ave

Borrower City

Alsip

Borrower State

IL

Borrower Zip

60803-6007

Loan Status Date

04/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

494387.50

Current Approval Amount

571748.72

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21460

Servicing Lender Name

Grand Ridge National Bank

Servicing Lender Address

105 W Main St

Servicing Lender City

GRAND RIDGE

Servicing Lender State

IL

Servicing Lender Zip

61325

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Alsip

Project County Name

COOK

Project State

IL

Project Zip

60803-6007

CD

IL-06

Jobs Reported

30

NAICS Code

334111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

571748.72

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

21460

Originating Lender

Grand Ridge National Bank

Originating Lender City

GRAND RIDGE

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

576957.99

Forgiveness Date

03/25/2021

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