PPP Loan information for Systems in motion, inc.

$1,089,225

Systems in motion, inc. was initially approved for PPP Loan of amount $1,089,225, the current approved amount is $1,089,225. The loan was approved on 04/09/2020 by The JPMorgan Chase Bank, National Association reported 75 jobs and $1,089,225 was used to fund payroll.

Systems in motion, inc. is Existing or more than 2 years old

PPP Loan Search / IL / Elgin / Systems in motion, inc.

SYSTEMS IN MOTION, INC.

Date Approved

04/09/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

SYSTEMS IN MOTION, INC.

Borrower Address

1450 N McLean Blvd 0.0

Borrower City

Elgin

Borrower State

IL

Borrower Zip

60175-5668

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1089225.00

Current Approval Amount

1089225.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elgin

Project County Name

KANE

Project State

IL

Project Zip

60175-5668

CD

IL-08

Jobs Reported

75

NAICS Code

511210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

914225.00

Mortgage Interest Proceed

0.00

Rent Proceed

100000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

65000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1100136.61

Forgiveness Date

04/14/2021

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