PPP Loan information for Baldor chicago inc

$407,700

Baldor chicago inc was initially approved for PPP Loan of amount $407,700, the current approved amount is $407,700. The loan was approved on 04/14/2020 by The Itasca Bank & Trust Co. reported 28 jobs and $407,700 was used to fund payroll.

Baldor chicago inc is Existing or more than 2 years old

PPP Loan Search / IL / BOLINGBROOK / Baldor chicago inc

BALDOR CHICAGO INC

Date Approved

04/14/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

BALDOR CHICAGO INC

Borrower Address

1055B REMINGTON BLVD

Borrower City

BOLINGBROOK

Borrower State

IL

Borrower Zip

60440-4616

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

407700.00

Current Approval Amount

407700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21562

Servicing Lender Name

Itasca Bank & Trust Co.

Servicing Lender Address

308 W Irving Park Rd

Servicing Lender City

ITASCA

Servicing Lender State

IL

Servicing Lender Zip

60143-2038

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BOLINGBROOK

Project County Name

WILL

Project State

IL

Project Zip

60440-4616

CD

IL-11

Jobs Reported

28

NAICS Code

423830

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

407700.00

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

21562

Originating Lender

Itasca Bank & Trust Co.

Originating Lender City

ITASCA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

410248.13

Forgiveness Date

12/02/2020

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