PPP Loan information for Solomon colors inc

$2,526,230

Solomon colors inc was initially approved for PPP Loan of amount $2,526,230, the current approved amount is $2,526,230. The loan was approved on 04/09/2020 by The Carrollton Bank reported 151 jobs and $2,526,230 was used to fund payroll.

Solomon colors inc is Existing or more than 2 years old

PPP Loan Search / IL / SPRINGFIELD / Solomon colors inc

SOLOMON COLORS INC

Date Approved

04/09/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

SOLOMON COLORS INC

Borrower Address

Solomon Colors, Inc

Borrower City

SPRINGFIELD

Borrower State

IL

Borrower Zip

62702

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2526230.00

Current Approval Amount

2526230.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20425

Servicing Lender Name

Carrollton Bank

Servicing Lender Address

315 Sixth St

Servicing Lender City

CARROLLTON

Servicing Lender State

IL

Servicing Lender Zip

62016-1247

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SPRINGFIELD

Project County Name

SANGAMON

Project State

IL

Project Zip

62702-0001

CD

IL-15

Jobs Reported

151

NAICS Code

325130

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1894672.50

Mortgage Interest Proceed

0.00

Rent Proceed

631557.50

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

20425

Originating Lender

Carrollton Bank

Originating Lender City

CARROLLTON

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2558930.64

Forgiveness Date

07/28/2021

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