PPP Loan information for Nelson automotive inc

$104,700

Nelson automotive inc was initially approved for PPP Loan of amount $104,700, the current approved amount is $104,700. The loan was approved on 04/03/2020 by The Time Bank reported 11 jobs and $104,700 was used to fund payroll.

Nelson automotive inc is Existing or more than 2 years old

PPP Loan Search / IL / MOUNT PROSPECT / Nelson automotive inc

NELSON AUTOMOTIVE INC

Date Approved

04/03/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

NELSON AUTOMOTIVE INC

Borrower Address

1801 Bussee Rd

Borrower City

MOUNT PROSPECT

Borrower State

IL

Borrower Zip

60056-5505

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

104700.00

Current Approval Amount

104700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119627

Servicing Lender Name

Time Bank

Servicing Lender Address

626 Talcott Rd

Servicing Lender City

PARK RIDGE

Servicing Lender State

IL

Servicing Lender Zip

60068-4721

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOUNT PROSPECT

Project County Name

COOK

Project State

IL

Project Zip

60056-5505

CD

IL-03

Jobs Reported

11

NAICS Code

441120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1400.00

Payroll Proceed

75300.00

Mortgage Interest Proceed

0.00

Rent Proceed

28000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

119627

Originating Lender

Time Bank

Originating Lender City

PARK RIDGE

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

105645.21

Forgiveness Date

03/05/2021

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