PPP Loan information for Schultes precision mfg inc

$1,806,374

Schultes precision mfg inc was initially approved for PPP Loan of amount $1,806,374, the current approved amount is $1,806,374. The loan was approved on 04/13/2020 by The First American Bank reported 139 jobs and $1,806,374 was used to fund payroll.

Schultes precision mfg inc is Existing or more than 2 years old

PPP Loan Search / IL / BUFFALO GROVE / Schultes precision mfg inc

SCHULTES PRECISION MFG INC

Date Approved

04/13/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

SCHULTES PRECISION MFG INC

Borrower Address

1250 BUSCH PKWY

Borrower City

BUFFALO GROVE

Borrower State

IL

Borrower Zip

60089-4538

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1806374.00

Current Approval Amount

1806374.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21238

Servicing Lender Name

First American Bank

Servicing Lender Address

700 Busse Rd

Servicing Lender City

ELK GROVE VILLAGE

Servicing Lender State

IL

Servicing Lender Zip

60007-2137

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BUFFALO GROVE

Project County Name

LAKE

Project State

IL

Project Zip

60089-4538

CD

IL-10

Jobs Reported

139

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1806374.00

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

21238

Originating Lender

First American Bank

Originating Lender City

ELK GROVE VILLAGE

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1823333.84

Forgiveness Date

03/25/2021

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