PPP Loan information for South tec development corporation

$122,180

South tec development corporation was initially approved for PPP Loan of amount $122,180, the current approved amount is $122,180. The loan was approved on 04/16/2020 by The Midland States Bank reported 14 jobs and $122,180 was used to fund payroll.

South tec development corporation is Existing or more than 2 years old

PPP Loan Search / IL / KANKAKEE / South tec development corporation

SOUTH TEC DEVELOPMENT CORPORATION

Date Approved

04/16/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

SOUTH TEC DEVELOPMENT CORPORATION

Borrower Address

2150 Rt 45

Borrower City

KANKAKEE

Borrower State

IL

Borrower Zip

60901

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

122180.00

Current Approval Amount

122180.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

KANKAKEE

Project County Name

KANKAKEE

Project State

IL

Project Zip

60901-0001

CD

IL-02

Jobs Reported

14

NAICS Code

531120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

122180.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

123522.31

Forgiveness Date

05/27/2021

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