PPP Loan information for Quality tools & abrasives, inc.

$525,700

Quality tools & abrasives, inc. was initially approved for PPP Loan of amount $525,700, the current approved amount is $525,700. The loan was approved on 04/09/2020 by The Providence Bank & Trust reported 40 jobs and $525,700 was used to fund payroll.

Quality tools & abrasives, inc. is Existing or more than 2 years old

PPP Loan Search / IL / ELK GROVE VILLAGE / Quality tools & abrasives, inc.

QUALITY TOOLS & ABRASIVES, INC.

Date Approved

04/09/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

QUALITY TOOLS & ABRASIVES, INC.

Borrower Address

605 BONNIE LN

Borrower City

ELK GROVE VILLAGE

Borrower State

IL

Borrower Zip

60007-1911

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

525700.00

Current Approval Amount

525700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

397957

Servicing Lender Name

Providence Bank & Trust

Servicing Lender Address

630 E 162nd St

Servicing Lender City

SOUTH HOLLAND

Servicing Lender State

IL

Servicing Lender Zip

60473-2328

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELK GROVE VILLAGE

Project County Name

COOK

Project State

IL

Project Zip

60007-1911

CD

IL-03

Jobs Reported

40

NAICS Code

423840

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4937.00

Payroll Proceed

480763.00

Mortgage Interest Proceed

0.00

Rent Proceed

40000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

397957

Originating Lender

Providence Bank & Trust

Originating Lender City

SOUTH HOLLAND

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

528664.36

Forgiveness Date

11/03/2020

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