PPP Loan information for Induction innovations inc

$257,600

Induction innovations inc was initially approved for PPP Loan of amount $257,600, the current approved amount is $257,600. The loan was approved on 04/09/2020 by The Associated Bank, National Association reported 13 jobs and $257,600 was used to fund payroll.

Induction innovations inc is Existing or more than 2 years old

PPP Loan Search / IL / ELGIN / Induction innovations inc

INDUCTION INNOVATIONS INC

Date Approved

04/09/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

INDUCTION INNOVATIONS INC

Borrower Address

1175 JANSEN FARM CT

Borrower City

ELGIN

Borrower State

IL

Borrower Zip

60123-2595

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

257600.00

Current Approval Amount

257600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75939

Servicing Lender Name

Associated Bank, National Association

Servicing Lender Address

200 N Adams St

Servicing Lender City

GREEN BAY

Servicing Lender State

WI

Servicing Lender Zip

54301-5142

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

60123-2595

CD

IL-08

Jobs Reported

13

NAICS Code

336390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

257600.00

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

Corporation

Originating Lender Location Id

75939

Originating Lender

Associated Bank, National Association

Originating Lender City

GREEN BAY

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

259442.02

Forgiveness Date

12/31/2020

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