PPP Loan information for Lorchem technologies, inc.

$89,670

Lorchem technologies, inc. was initially approved for PPP Loan of amount $89,670, the current approved amount is $89,670. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 10 jobs and $89,670 was used to fund payroll.

Lorchem technologies, inc. is Existing or more than 2 years old

PPP Loan Search / IL / ELGIN / Lorchem technologies, inc.

LORCHEM TECHNOLOGIES, INC.

Date Approved

05/01/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

LORCHEM TECHNOLOGIES, INC.

Borrower Address

1150 DAVIS RD STE J

Borrower City

ELGIN

Borrower State

IL

Borrower Zip

60123

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

89670.00

Current Approval Amount

89670.00

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

60123-0300

CD

IL-08

Jobs Reported

10

NAICS Code

423830

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4000.00

Payroll Proceed

73170.00

Mortgage Interest Proceed

0.00

Rent Proceed

12500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

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

Non-Veteran

Non Profit

Forgiveness Amount

90746.49

Forgiveness Date

07/19/2021

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