Raycar Gear & Machine Company

$377,955 PPP Loan in Rockford, Illinois

Loan Details

Loan Number
1006928306
Date Approved
Jan 16, 2021
Loan Status
Paid in Full
Initial Approval
$377,955
Current Approval
$377,955
Forgiveness Amount
$380,296
Forgiveness Date
Sep 7, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Raycar Gear & Machine Company
Address
6125 11th St
ZIP Code
61109-4342
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
21
Estimated Revenue
$5.1M
Rural/Urban
Urban
Congressional District
IL-16

Loan Use Breakdown

Payroll
$377,952
Utilities
$1

Lender Information

Servicing Lender
Byron Bank
Originating Lender
Byron Bank

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