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Elgin Industries, Inc.

$1,800,000 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
1383607107
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$1,800,000
Current Approval
$1,800,000
Forgiveness Amount
$1,818,375
Forgiveness Date
Apr 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Elgin Industries, Inc.
Address
1100 Jansen Farm Drive 0.0
City
Elgin
State
Illinois
ZIP Code
60123-2550
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423860)
Business Age
Existing or more than 2 years old
Jobs Reported
161
Estimated Revenue
$49.3M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$1,593,000
Rent
$50,000
Utilities
$60,000
Health Care
$95,000
Debt Interest
$2,000

Lender Information

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

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