Precise Lapping & Grinding Corporation

$275,402 PPP Loan in Melrose Park, Illinois

Loan Details

Loan Number
1761248307
Date Approved
Jan 19, 2021
Loan Status
Paid in Full
Initial Approval
$275,402
Current Approval
$257,599
Forgiveness Amount
$259,910
Forgiveness Date
Dec 9, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Precise Lapping & Grinding Corporation
Address
2041 Janice Ave
ZIP Code
60160-1010
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (327910)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$28.8M
Rural/Urban
Urban
Congressional District
IL-04

Loan Use Breakdown

Payroll
$257,597
Utilities
$1

Lender Information

Servicing Lender
Grand Ridge National Bank
Originating Lender
Grand Ridge National Bank

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