PPP Loan information for Len's ace hardware, incorporated

$295,000

Len's ace hardware, incorporated was initially approved for PPP Loan of amount $295,000, the current approved amount is $295,000. The loan was approved on 04/05/2020 by The Itasca Bank & Trust Co. reported 80 jobs and $295,000 was used to fund payroll.

Len's ace hardware, incorporated is Existing or more than 2 years old

PPP Loan Search / IL / ADDISON / Len's ace hardware, incorporated

LEN'S ACE HARDWARE, INCORPORATED

Date Approved

04/05/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

LEN'S ACE HARDWARE, INCORPORATED

Borrower Address

30 W LAKE ST

Borrower City

ADDISON

Borrower State

IL

Borrower Zip

60101-2764

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

295000.00

Current Approval Amount

295000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21562

Servicing Lender Name

Itasca Bank & Trust Co.

Servicing Lender Address

308 W Irving Park Rd

Servicing Lender City

ITASCA

Servicing Lender State

IL

Servicing Lender Zip

60143-2038

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ADDISON

Project County Name

DUPAGE

Project State

IL

Project Zip

60101-2764

CD

IL-03

Jobs Reported

80

NAICS Code

444130

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

230000.00

Mortgage Interest Proceed

0.00

Rent Proceed

55000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

21562

Originating Lender

Itasca Bank & Trust Co.

Originating Lender City

ITASCA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

298589.17

Forgiveness Date

06/28/2021

;