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Magneco/metrel, Inc.

$2,459,632 PPP Loan in Addison, Illinois

Loan Details

Loan Number
2624067303
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$2,459,632
Current Approval
$2,459,632
Forgiveness Amount
$2,487,576
Forgiveness Date
Jun 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magneco/metrel, Inc.
Address
233 W. Interstate Road
City
Addison
State
Illinois
ZIP Code
60101-4513
Business Type
Corporation
Industry (NAICS)
Manufacturing (332812)
Business Age
Existing or more than 2 years old
Jobs Reported
145
Estimated Revenue
$35.4M
Rural/Urban
Urban
Congressional District
IL-03

Loan Use Breakdown

Payroll
$2,459,632

Lender Information

Servicing Lender
The Northern Trust Company
Originating Lender
The Northern Trust Company

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