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Ingersoll Machine Tool, Inc.

$2,155,200 PPP Loan in Rockford, Illinois

Loan Details

Loan Number
3543627308
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$2,155,200
Current Approval
$2,155,200
Forgiveness Amount
$2,180,224
Forgiveness Date
Jul 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ingersoll Machine Tool, Inc.
Address
707 Fulton Ave
City
Rockford
State
Illinois
ZIP Code
61103-4069
Business Type
Corporation
Industry (NAICS)
Manufacturing (333517)
Business Age
Existing or more than 2 years old
Jobs Reported
173
Estimated Revenue
$45.3M
Rural/Urban
Urban
Congressional District
IL-17

Loan Use Breakdown

Payroll
$1,724,184
Mortgage Interest
$431,016

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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