Area Material, Inc.
$225,319 PPP Loan in Kankakee, Illinois
Loan Details
- Loan Number
- 1567177909
- Date Approved
- Jun 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $225,319
- Current Approval
- $225,319
- Forgiveness Amount
- $226,846
- Forgiveness Date
- Feb 11, 2021
- Term
- 60 months
- Draw
- First Draw
Business Information
- Business Name
- Area Material, Inc.
- Address
- 1000 N. Washington Ave
- City
- Kankakee
- State
- Illinois
- ZIP Code
- 60901-2008
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423320)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 15
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- IL-02
Loan Use Breakdown
- Payroll
- $168,989
- Utilities
- $28,165
- Mortgage Interest
- $28,165
Lender Information
- Servicing Lender
- Schaumburg Bank & Trust Company, National Association
- Originating Lender
- Schaumburg Bank & Trust Company, National Association
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|---|---|---|
| Midwest Transit Equipment, Inc. | $4,478,761 |  AI Deep Dive |
| Kankakee Valley Construction Company, INC | $2,227,997 | AI Deep Dive |
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| Kankakee Valley Construction Company Inc. | $2,000,000 | AI Deep Dive |
| Ruder Electric, Inc. | $1,665,763 | AI Deep Dive |
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