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Cedar Siding & Lumber, INC

$818,477 PPP Loan in Rochelle, Illinois

Loan Details

Loan Number
1305437207
Date Approved
Apr 15, 2020
Loan Status
Charged Off
Initial Approval
$818,477
Current Approval
$818,477
Forgiveness Amount
$752,272
Forgiveness Date
Jun 9, 2021
Term
6 months
Draw
First Draw

Business Information

Business Name
Cedar Siding & Lumber, INC
Address
147 E 2nd Avenue
City
Rochelle
State
Illinois
ZIP Code
61068
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423310)
Business Age
Existing or more than 2 years old
Jobs Reported
37
Estimated Revenue
$11.3M
Rural/Urban
Rural
Congressional District
IL-16

Loan Use Breakdown

Payroll
$810,000
Utilities
$8,477

Lender Information

Servicing Lender
Midland States Bank
Originating Lender
Midland States Bank

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