PPP Loan information for Universal scrap metal, inc

$1,990,700

Universal scrap metal, inc was initially approved for PPP Loan of amount $1,990,700, the current approved amount is $1,990,700. The loan was approved on 04/07/2020 by The Wintrust Bank, National Association reported 181 jobs and $1,990,700 was used to fund payroll.

Universal scrap metal, inc is Existing or more than 2 years old

PPP Loan Search / IL / CHICAGO / Universal scrap metal, inc

UNIVERSAL SCRAP METAL, INC

Date Approved

04/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

UNIVERSAL SCRAP METAL, INC

Borrower Address

2500 W Fulton

Borrower City

CHICAGO

Borrower State

IL

Borrower Zip

60612

Loan Status Date

06/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1990700.00

Current Approval Amount

1990700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119179

Servicing Lender Name

Wintrust Bank, National Association

Servicing Lender Address

231 S LaSalle St, 13th Fl

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60604-1471

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHICAGO

Project County Name

COOK

Project State

IL

Project Zip

60612-0001

CD

IL-07

Jobs Reported

181

NAICS Code

562920

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

248837.50

Payroll Proceed

1493025.00

Mortgage Interest Proceed

0.00

Rent Proceed

248837.50

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

119179

Originating Lender

Wintrust Bank, National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2009943.43

Forgiveness Date

03/31/2021

;