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Machined Concepts, INC

$49,937 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
2931197710
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$49,937
Current Approval
$49,937
Forgiveness Amount
$50,323
Forgiveness Date
Feb 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Machined Concepts, INC
Address
1760 Britannia Dr Ste 8
City
Elgin
State
Illinois
ZIP Code
60124
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$42,000
Utilities
$3,000
Health Care
$2,000
Debt Interest
$2,937

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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