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Capsonic Automotive, Inc.

$311,709 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
2076127208
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$311,709
Current Approval
$311,709
Forgiveness Amount
$315,302
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Capsonic Automotive, Inc.
Address
460 S. Second Street
City
Elgin
State
Illinois
ZIP Code
60123
Business Type
Corporation
Industry (NAICS)
Manufacturing (335314)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$5.8M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$233,782
Rent
$46,756
Utilities
$31,171

Lender Information

Servicing Lender
Wintrust Bank, National Association
Originating Lender
Wintrust Bank, National Association

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