PPP Loan information for Chemtech plastics inc.

$1,995,300

Chemtech plastics inc. was initially approved for PPP Loan of amount $1,995,300, the current approved amount is $1,995,300. The loan was approved on 05/05/2021 by The American Community Bank & Trust reported 168 jobs and $1,995,300 was used to fund payroll.

Chemtech plastics inc. is Existing or more than 2 years old

PPP Loan Search / IL / Elgin / Chemtech plastics inc.

CHEMTECH PLASTICS INC.

Date Approved

05/05/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

CHEMTECH PLASTICS INC.

Borrower Address

765 Church Rd

Borrower City

Elgin

Borrower State

IL

Borrower Zip

60123-9308

Loan Status Date

05/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1995300.00

Current Approval Amount

1995300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124396

Servicing Lender Name

American Community Bank & Trust

Servicing Lender Address

1290 Lake Ave

Servicing Lender City

WOODSTOCK

Servicing Lender State

IL

Servicing Lender Zip

60098-7415

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

60123-9308

CD

IL-08

Jobs Reported

168

NAICS Code

326199

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1995294.00

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

124396

Originating Lender

American Community Bank & Trust

Originating Lender City

WOODSTOCK

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2014033.65

Forgiveness Date

04/14/2022

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