PPP Loan information for Van dam motors inc

$765,253

Van dam motors inc was initially approved for PPP Loan of amount $765,252, the current approved amount is $765,253. The loan was approved on 04/06/2020 by The Beverly Bank & Trust Company, National Association reported 76 jobs and $765,253 was used to fund payroll.

Van dam motors inc is Existing or more than 2 years old

PPP Loan Search / IL / SOUTH HOLLAND / Van dam motors inc

VAN DAM MOTORS INC

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

VAN DAM MOTORS INC

Borrower Address

16269 Van Dam Rd

Borrower City

SOUTH HOLLAND

Borrower State

IL

Borrower Zip

60473-2646

Loan Status Date

06/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

765252.00

Current Approval Amount

765253.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

377941

Servicing Lender Name

Beverly Bank & Trust Company, National Association

Servicing Lender Address

10258 S Western Ave

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60643-1948

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOUTH HOLLAND

Project County Name

COOK

Project State

IL

Project Zip

60473-2646

CD

IL-02

Jobs Reported

76

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

76525.30

Payroll Proceed

573939.75

Mortgage Interest Proceed

114787.95

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

377941

Originating Lender

Beverly Bank & Trust Company, National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

773607.01

Forgiveness Date

05/13/2021

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