M-1 Tool Works INC

$712,500 PPP Loan in Mchenry, Illinois

Loan Details

Loan Number
2141207902
Date Approved
Jun 11, 2020
Loan Status
Paid in Full
Initial Approval
$712,500
Current Approval
$712,500
Forgiveness Amount
$716,696
Forgiveness Date
Jan 14, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
M-1 Tool Works INC
Address
1419 S Bedlen St
ZIP Code
60050
Business Type
Corporation
Industry (NAICS)
Manufacturing (333517)
Business Age
Existing or more than 2 years old
Jobs Reported
39
Estimated Revenue
$10.2M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$534,375
Rent
$178,125

Lender Information

Servicing Lender
Home State Bank, National Association
Originating Lender
Home State Bank, National Association

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