PPP Loan information for Powmet inc

$173,117

Powmet inc was initially approved for PPP Loan of amount $173,117, the current approved amount is $173,117. The loan was approved on 04/05/2020 by The Midland States Bank reported 8 jobs and $173,117 was used to fund payroll.

Powmet inc is Existing or more than 2 years old

PPP Loan Search / IL / ROCKFORD / Powmet inc

POWMET INC

Date Approved

04/05/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

POWMET INC

Borrower Address

2625 SEWELL STREET

Borrower City

ROCKFORD

Borrower State

IL

Borrower Zip

61109-1258

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

173117.00

Current Approval Amount

173117.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21299

Servicing Lender Name

Midland States Bank

Servicing Lender Address

110 S. 5th St

Servicing Lender City

EFFINGHAM

Servicing Lender State

IL

Servicing Lender Zip

62401-2453

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCKFORD

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61109-1258

CD

IL-17

Jobs Reported

8

NAICS Code

423510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4328.00

Payroll Proceed

147149.00

Mortgage Interest Proceed

0.00

Rent Proceed

4328.00

Refinance EIDL Proceed

0.00

Health Care Proceed

17312.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

21299

Originating Lender

Midland States Bank

Originating Lender City

EFFINGHAM

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

174188.90

Forgiveness Date

11/23/2020

;