PPP Loan information for Worth steel and machine co.

$248,700

Worth steel and machine co. was initially approved for PPP Loan of amount $248,700, the current approved amount is $248,700. The loan was approved on 04/08/2020 by The Cornerstone National Bank & Trust Company reported 26 jobs and $248,700 was used to fund payroll.

Worth steel and machine co. is Existing or more than 2 years old

PPP Loan Search / IL / ALSIP / Worth steel and machine co.

WORTH STEEL AND MACHINE CO.

Date Approved

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

WORTH STEEL AND MACHINE CO.

Borrower Address

4001 W 123RD ST

Borrower City

ALSIP

Borrower State

IL

Borrower Zip

60803-1801

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

248700.00

Current Approval Amount

248700.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

ALSIP

Project County Name

COOK

Project State

IL

Project Zip

60803-1801

CD

IL-06

Jobs Reported

26

NAICS Code

331222

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12435.00

Payroll Proceed

198960.00

Mortgage Interest Proceed

12435.00

Rent Proceed

24870.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S 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

251746.58

Forgiveness Date

07/02/2021

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