PPP Loan information for System research incorporated

$856,774

System research incorporated was initially approved for PPP Loan of amount $856,774, the current approved amount is $856,774. The loan was approved on 02/03/2021 by The Cornerstone National Bank & Trust Company reported 49 jobs and $856,774 was used to fund payroll.

System research incorporated is Existing or more than 2 years old

PPP Loan Search / IL / Schaumburg / System research incorporated

SYSTEM RESEARCH INCORPORATED

Date Approved

02/03/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

SYSTEM RESEARCH INCORPORATED

Borrower Address

1250 Bank Dr

Borrower City

Schaumburg

Borrower State

IL

Borrower Zip

60173-6014

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

856774.00

Current Approval Amount

856774.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203014

Servicing Lender Name

Cornerstone National Bank & Trust Company

Servicing Lender Address

One W Northwest Hwy

Servicing Lender City

PALATINE

Servicing Lender State

IL

Servicing Lender Zip

60067-3570

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Schaumburg

Project County Name

COOK

Project State

IL

Project Zip

60173-6014

CD

IL-08

Jobs Reported

49

NAICS Code

561312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

856770.00

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

203014

Originating Lender

Cornerstone National Bank & Trust Company

Originating Lender City

PALATINE

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

859748.91

Forgiveness Date

06/23/2021

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