Business It Source, Inc.

$775,000 PPP Loan in Buffalo Grove, Illinois

Loan Details

Loan Number
1643307707
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$775,000
Current Approval
$775,000
Forgiveness Amount
$780,549
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Business It Source, Inc.
Address
850 Asbury Dr Unit B
ZIP Code
60089
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541512)
Business Age
Existing or more than 2 years old
Jobs Reported
62
Estimated Revenue
$12.8M
Rural/Urban
Urban
Congressional District
IL-09

Loan Use Breakdown

Payroll
$640,500
Rent
$61,000
Utilities
$12,000
Health Care
$61,500

Lender Information

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

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