PPP Loan information for Optimal design co.

$897,908

Optimal design co. was initially approved for PPP Loan of amount $897,908, the current approved amount is $897,908. The loan was approved on 04/08/2020 by The Village Bank and Trust, National Association reported 40 jobs and $897,908 was used to fund payroll.

Optimal design co. is Existing or more than 2 years old

PPP Loan Search / IL / ARLINGTON HEIGHTS / Optimal design co.

OPTIMAL DESIGN CO.

Date Approved

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

OPTIMAL DESIGN CO.

Borrower Address

601 W. CAMPUS DR

Borrower City

ARLINGTON HEIGHTS

Borrower State

IL

Borrower Zip

60004-7800

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

897908.00

Current Approval Amount

897908.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119325

Servicing Lender Name

Village Bank and Trust, National Association

Servicing Lender Address

234 W Northwest Hwy

Servicing Lender City

ARLINGTON HEIGHTS

Servicing Lender State

IL

Servicing Lender Zip

60004-5934

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ARLINGTON HEIGHTS

Project County Name

COOK

Project State

IL

Project Zip

60004-7800

CD

IL-08

Jobs Reported

40

NAICS Code

541910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

89790.80

Payroll Proceed

673431.00

Mortgage Interest Proceed

134686.20

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

119325

Originating Lender

Village Bank and Trust, National Association

Originating Lender City

ARLINGTON HEIGHTS

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

905565.16

Forgiveness Date

02/19/2021

;