Algus Packaging, Inc.

$1,087,000 PPP Loan in Dekalb, Illinois

Loan Details

Loan Number
1899687306
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$1,087,000
Current Approval
$1,087,000
Forgiveness Amount
$1,097,749
Forgiveness Date
Apr 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Algus Packaging, Inc.
Address
200 N. Peace Road
City
Dekalb
ZIP Code
60115-9500
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (326199)
Business Age
Unanswered
Jobs Reported
110
Estimated Revenue
$109.1M
Rural/Urban
Urban
Congressional District
IL-14

Loan Use Breakdown

Payroll
$919,000
Rent
$90,000
Utilities
$60,000
Debt Interest
$18,000

Lender Information

Servicing Lender
Resource Bank, National Association
Originating Lender
Resource Bank, National Association

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