PPP Loan information for Towne machine tool company

$255,500

Towne machine tool company was initially approved for PPP Loan of amount $255,500, the current approved amount is $255,500. The loan was approved on 04/03/2020 by The The Fisher National Bank reported 18 jobs and $255,500 was used to fund payroll.

Towne machine tool company is Existing or more than 2 years old

PPP Loan Search / IL / DANVILLE / Towne machine tool company

TOWNE MACHINE TOOL COMPANY

Date Approved

04/03/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

TOWNE MACHINE TOOL COMPANY

Borrower Address

1009 Lynch Raod

Borrower City

DANVILLE

Borrower State

IL

Borrower Zip

61834-0685

Loan Status Date

04/02/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

255500.00

Current Approval Amount

255500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21373

Servicing Lender Name

The Fisher National Bank

Servicing Lender Address

102 E Division St

Servicing Lender City

FISHER

Servicing Lender State

IL

Servicing Lender Zip

61843

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DANVILLE

Project County Name

VERMILION

Project State

IL

Project Zip

61834-0685

CD

IL-02

Jobs Reported

18

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

70040.00

Payroll Proceed

102222.00

Mortgage Interest Proceed

42820.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

40418.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

20442

Originating Lender

Catlin Bank

Originating Lender City

CATLIN

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

257536.90

Forgiveness Date

01/25/2021

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