Sev-Rend Corporation

$498,200 PPP Loan in Collinsville, Illinois

Loan Details

Loan Number
2486497108
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$498,200
Current Approval
$498,200
Forgiveness Amount
$501,881
Forgiveness Date
Jan 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sev-Rend Corporation
Address
5301 Horseshoe Lake Road
ZIP Code
62234-7423
Business Type
Subchapter S Corporation
Industry (NAICS)
Administrative and Support and Waste Management (561910)
Business Age
Existing or more than 2 years old
Jobs Reported
41
Estimated Revenue
$7.8M
Rural/Urban
Urban
Congressional District
IL-13

Loan Use Breakdown

Payroll
$392,000
Rent
$60,000
Utilities
$46,200

Lender Information

Servicing Lender
Commerce Bank
Originating Lender
Commerce Bank

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