PPP Loan information for Weldstar company

$1,358,300

Weldstar company was initially approved for PPP Loan of amount $1,358,300, the current approved amount is $1,358,300. The loan was approved on 04/03/2020 by The Old Second National Bank reported 95 jobs and $1,358,300 was used to fund payroll.

Weldstar company is Existing or more than 2 years old

PPP Loan Search / IL / AURORA / Weldstar company

WELDSTAR COMPANY

Date Approved

04/03/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

WELDSTAR COMPANY

Borrower Address

1750 MITCHELL RD

Borrower City

AURORA

Borrower State

IL

Borrower Zip

60505-9578

Loan Status Date

05/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1358300.00

Current Approval Amount

1358300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20282

Servicing Lender Name

Old Second National Bank

Servicing Lender Address

37 S River St

Servicing Lender City

AURORA

Servicing Lender State

IL

Servicing Lender Zip

60506-4173

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AURORA

Project County Name

KANE

Project State

IL

Project Zip

60505-9578

CD

IL-11

Jobs Reported

95

NAICS Code

423840

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

25278.00

Payroll Proceed

1139506.00

Mortgage Interest Proceed

0.00

Rent Proceed

193516.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

20282

Originating Lender

Old Second National Bank

Originating Lender City

AURORA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1372901.73

Forgiveness Date

05/06/2021

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