PPP Loan information for Merkel woodworking inc

$410,900

Merkel woodworking inc was initially approved for PPP Loan of amount $410,900, the current approved amount is $410,900. The loan was approved on 01/17/2021 by The American Commercial Bank & Trust, National Association reported 19 jobs and $410,900 was used to fund payroll.

Merkel woodworking inc is Existing or more than 2 years old

PPP Loan Search / IL / Addison / Merkel woodworking inc

MERKEL WOODWORKING INC

Date Approved

01/17/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MERKEL WOODWORKING INC

Borrower Address

300 S Stewart Ave

Borrower City

Addison

Borrower State

IL

Borrower Zip

60101-3310

Loan Status Date

11/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

410900.00

Current Approval Amount

410900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22237

Servicing Lender Name

American Commercial Bank & Trust, National Association

Servicing Lender Address

701 LaSalle St

Servicing Lender City

OTTAWA

Servicing Lender State

IL

Servicing Lender Zip

61350-5011

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Addison

Project County Name

DUPAGE

Project State

IL

Project Zip

60101-3310

CD

IL-03

Jobs Reported

19

NAICS Code

337212

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

410897.00

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

22237

Originating Lender

American Commercial Bank & Trust, National Association

Originating Lender City

OTTAWA

Originating Lender State

IL

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

414004.58

Forgiveness Date

10/20/2021

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