PPP Loan information for Welch systems, inc.

$563,400

Welch systems, inc. was initially approved for PPP Loan of amount $563,400, the current approved amount is $563,400. The loan was approved on 04/08/2020 by The Morton Community Bank reported 37 jobs and $563,400 was used to fund payroll.

Welch systems, inc. is Existing or more than 2 years old

PPP Loan Search / IL / PEORIA / Welch systems, inc.

WELCH SYSTEMS, INC.

Date Approved

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

WELCH SYSTEMS, INC.

Borrower Address

7206 N TERRA VISTA DR

Borrower City

PEORIA

Borrower State

IL

Borrower Zip

61614-1352

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

563400.00

Current Approval Amount

563400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22097

Servicing Lender Name

Morton Community Bank

Servicing Lender Address

721 W Jackson St

Servicing Lender City

MORTON

Servicing Lender State

IL

Servicing Lender Zip

61550-1537

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PEORIA

Project County Name

PEORIA

Project State

IL

Project Zip

61614-1352

CD

IL-17

Jobs Reported

37

NAICS Code

423440

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

563400.00

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

Subchapter S Corporation

Originating Lender Location Id

22097

Originating Lender

Morton Community Bank

Originating Lender City

MORTON

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

566545.65

Forgiveness Date

11/05/2020

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