PPP Loan information for Powmet inc

$154,850

Powmet inc was initially approved for PPP Loan of amount $154,850, the current approved amount is $154,850. The loan was approved on 02/12/2021 by The Midland States Bank reported 8 jobs and $154,850 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

02/12/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

POWMET INC

Borrower Address

2625 Sewell St

Borrower City

Rockford

Borrower State

IL

Borrower Zip

61109-1258

Loan Status Date

10/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

154850.27

Current Approval Amount

154850.27

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

1.00

Payroll Proceed

154848.27

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

21299

Originating Lender

Midland States Bank

Originating Lender City

EFFINGHAM

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

155783.61

Forgiveness Date

09/28/2021

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