PPP Loan information for Gallo equipment co.

$1,294,375

Gallo equipment co. was initially approved for PPP Loan of amount $1,294,375, the current approved amount is $1,294,375. The loan was approved on 04/07/2020 by The First Merchants Bank reported 58 jobs and $1,294,375 was used to fund payroll.

Gallo equipment co. is Existing or more than 2 years old

PPP Loan Search / IL / CHICAGO / Gallo equipment co.

GALLO EQUIPMENT CO.

Date Approved

04/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

GALLO EQUIPMENT CO.

Borrower Address

11835 AVENUE O

Borrower City

CHICAGO

Borrower State

IL

Borrower Zip

60617-7390

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1294375.00

Current Approval Amount

1294375.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHICAGO

Project County Name

COOK

Project State

IL

Project Zip

60617-7390

CD

IL-02

Jobs Reported

58

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1294375.00

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

Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1276098.43

Forgiveness Date

11/23/2020

;