PPP Loan information for Quality tools & abrasives inc.

$525,700

Quality tools & abrasives inc. was initially approved for PPP Loan of amount $525,700, the current approved amount is $525,700. The loan was approved on 01/22/2021 by The Providence Bank & Trust reported 38 jobs and $525,700 was used to fund payroll.

Quality tools & abrasives inc. is Existing or more than 2 years old

PPP Loan Search / IL / Elk Grove Village / Quality tools & abrasives inc.

QUALITY TOOLS & ABRASIVES INC.

Date Approved

01/22/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

QUALITY TOOLS & ABRASIVES INC.

Borrower Address

605 Bonnie Ln

Borrower City

Elk Grove Village

Borrower State

IL

Borrower Zip

60007-1911

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

525700.00

Current Approval Amount

525700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

397957

Servicing Lender Name

Providence Bank & Trust

Servicing Lender Address

630 E 162nd St

Servicing Lender City

SOUTH HOLLAND

Servicing Lender State

IL

Servicing Lender Zip

60473-2328

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elk Grove Village

Project County Name

COOK

Project State

IL

Project Zip

60007-1911

CD

IL-03

Jobs Reported

38

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

525697.00

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

397957

Originating Lender

Providence Bank & Trust

Originating Lender City

SOUTH HOLLAND

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

527685.98

Forgiveness Date

06/15/2021

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