PPP Loan information for Kinetic tools inc

$170,245

Kinetic tools inc was initially approved for PPP Loan of amount $170,245, the current approved amount is $170,245. The loan was approved on 04/14/2021 by The Blackhawk Bank reported 9 jobs and $170,245 was used to fund payroll.

Kinetic tools inc is Existing or more than 2 years old

PPP Loan Search / IL / Elgin / Kinetic tools inc

KINETIC TOOLS INC

Date Approved

04/14/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

KINETIC TOOLS INC

Borrower Address

2406 Millennium Dr

Borrower City

Elgin

Borrower State

IL

Borrower Zip

60124-7827

Loan Status Date

02/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

170245.00

Current Approval Amount

170245.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

117081

Servicing Lender Name

Blackhawk Bank

Servicing Lender Address

400 Broad St

Servicing Lender City

BELOIT

Servicing Lender State

WI

Servicing Lender Zip

53511-6223

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

60124-7827

CD

IL-08

Jobs Reported

9

NAICS Code

423710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

170240.00

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

117081

Originating Lender

Blackhawk Bank

Originating Lender City

BELOIT

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

171521.84

Forgiveness Date

01/19/2022

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