PPP Loan information for Olympic controls corp.

$243,000

Olympic controls corp. was initially approved for PPP Loan of amount $243,000, the current approved amount is $243,000. The loan was approved on 04/06/2020 by The Union National Bank reported 26 jobs and $243,000 was used to fund payroll.

Olympic controls corp. is Existing or more than 2 years old

PPP Loan Search / IL / ELGIN / Olympic controls corp.

OLYMPIC CONTROLS CORP.

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

OLYMPIC CONTROLS CORP.

Borrower Address

1250Crispen Dr.

Borrower City

ELGIN

Borrower State

IL

Borrower Zip

60123

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

243000.00

Current Approval Amount

243000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21320

Servicing Lender Name

Union National Bank

Servicing Lender Address

101 E Chicago St

Servicing Lender City

ELGIN

Servicing Lender State

IL

Servicing Lender Zip

60120-5583

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

60123-0300

CD

IL-08

Jobs Reported

26

NAICS Code

334290

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

243000.00

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

21320

Originating Lender

Union National Bank

Originating Lender City

ELGIN

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

244545.75

Forgiveness Date

12/03/2020

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