PPP Loan information for Merkel woodworking inc

$405,300

Merkel woodworking inc was initially approved for PPP Loan of amount $405,300, the current approved amount is $405,300. The loan was approved on 04/05/2020 by The American Commercial Bank & Trust, National Association reported 40 jobs and $405,300 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

04/05/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MERKEL WOODWORKING INC

Borrower Address

300 S. STEWART AVE

Borrower City

ADDISON

Borrower State

IL

Borrower Zip

60101-3310

Loan Status Date

11/20/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

405300.00

Current Approval Amount

405300.00

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

40

NAICS Code

321918

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

405300.00

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

407585.44

Forgiveness Date

11/03/2020

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