PPP Loan information for Smith steel cutters, inc.

$130,002

Smith steel cutters, inc. was initially approved for PPP Loan of amount $130,002, the current approved amount is $130,002. The loan was approved on 04/10/2020 by The Midland States Bank reported 16 jobs and $130,002 was used to fund payroll.

Smith steel cutters, inc. is Existing or more than 2 years old

PPP Loan Search / IL / ROCKFORD / Smith steel cutters, inc.

SMITH STEEL CUTTERS, INC.

Date Approved

04/10/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

SMITH STEEL CUTTERS, INC.

Borrower Address

2605 Huffman Blvd

Borrower City

ROCKFORD

Borrower State

IL

Borrower Zip

61103-3902

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

130002.00

Current Approval Amount

130002.00

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

N

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

61103-3902

CD

IL-17

Jobs Reported

16

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2.00

Payroll Proceed

130000.00

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

21299

Originating Lender

Midland States Bank

Originating Lender City

EFFINGHAM

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

131227.22

Forgiveness Date

03/26/2021

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