Precision Plugging & Sales INC

$294,000 PPP Loan in Olney, Illinois

Loan Details

Loan Number
1308237103
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$294,000
Current Approval
$294,000
Forgiveness Amount
$297,152
Forgiveness Date
May 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Plugging & Sales INC
Address
3978 Elmdale Rd
City
Olney
ZIP Code
62450-4746
Business Type
Subchapter S Corporation
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (213111)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-12

Loan Use Breakdown

Payroll
$277,750
Rent
$5,000
Utilities
$1,250
Debt Interest
$10,000

Lender Information

Servicing Lender
Field & Main Bank
Originating Lender
Field & Main Bank

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