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Kreischer Optic Ltd

$378,000 PPP Loan in Mchenry, Illinois

Loan Details

Loan Number
1672987101
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$378,000
Current Approval
$378,000
Forgiveness Amount
$380,090
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Kreischer Optic Ltd
Address
1729 N Oak Dr
City
Mchenry
State
Illinois
ZIP Code
60050-0306
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333249)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$6.8M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$284,000
Rent
$58,000
Utilities
$30,000
Mortgage Interest
$6,000

Lender Information

Servicing Lender
First Mid Bank & Trust, National Association
Originating Lender
First Mid Bank and Trust National Association

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