PPP Loan information for Recovered asset management, inc

$495,400

Recovered asset management, inc was initially approved for PPP Loan of amount $495,400, the current approved amount is $495,400. The loan was approved on 04/05/2020 by The American Commercial Bank & Trust, National Association reported 54 jobs and $495,400 was used to fund payroll.

Recovered asset management, inc is Existing or more than 2 years old

PPP Loan Search / IL / HARVEY / Recovered asset management, inc

RECOVERED ASSET MANAGEMENT, INC

Date Approved

04/05/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RECOVERED ASSET MANAGEMENT, INC

Borrower Address

16400 LATHROP AVE

Borrower City

HARVEY

Borrower State

IL

Borrower Zip

60426-6024

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

495400.00

Current Approval Amount

495400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22237

Servicing Lender Name

American Commercial Bank & Trust, National Association

Servicing Lender Address

701 LaSalle St

Servicing Lender City

OTTAWA

Servicing Lender State

IL

Servicing Lender Zip

61350-5011

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HARVEY

Project County Name

COOK

Project State

IL

Project Zip

60426-6024

CD

IL-02

Jobs Reported

54

NAICS Code

423930

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

495400.00

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

Subchapter S Corporation

Originating Lender Location Id

22237

Originating Lender

American Commercial Bank & Trust, National Association

Originating Lender City

OTTAWA

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

502032.86

Forgiveness Date

08/05/2021

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