Lane Tool & Manufcturing Co INC
$480,000 PPP Loan in South Elgin, Illinois
Loan Details
- Loan Number
- 1245787705
- Date Approved
- May 1, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $480,000
- Current Approval
- $480,000
- Forgiveness Amount
- $484,848
- Forgiveness Date
- May 10, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Lane Tool & Manufcturing Co INC
- Address
- 655 Sundown Rd
- City
- South Elgin
- State
- Illinois
- ZIP Code
- 60177
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (332710)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 300
- Estimated Revenue
- $73.3M
- Rural/Urban
- Urban
- Congressional District
- IL-08
Loan Use Breakdown
- Payroll
- $395,000
- Rent
- $30,000
- Utilities
- $16,500
- Health Care
- $26,000
- Mortgage Interest
- $12,500
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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