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Systems in Motion, Inc.

$1,089,225 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
1043067104
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,089,225
Current Approval
$1,089,225
Forgiveness Amount
$1,100,137
Forgiveness Date
Apr 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Systems in Motion, Inc.
Address
1450 N Mclean Blvd 0.0
City
Elgin
State
Illinois
ZIP Code
60175-5668
Business Type
Corporation
Industry (NAICS)
Information (511210)
Business Age
Existing or more than 2 years old
Jobs Reported
75
Estimated Revenue
$12.6M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$914,225
Rent
$100,000
Utilities
$10,000
Health Care
$65,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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