Standard Precision Grinding Co.

$145,795 PPP Loan in Lansing, Illinois

Loan Details

Loan Number
3793828210
Date Approved
Aug 5, 2020
Loan Status
Paid in Full
Initial Approval
$145,795
Current Approval
$145,795
Forgiveness Amount
$146,706
Forgiveness Date
Mar 22, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Standard Precision Grinding Co.
Address
2800 Bernice Rd Ste 1
ZIP Code
60438-1271
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333517)
Business Age
Existing or more than 2 years old
Jobs Reported
11
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-02

Loan Use Breakdown

Payroll
$87,477
Rent
$29,159
Utilities
$29,159

Lender Information

Servicing Lender
Old Plank Trail Community Bank, National Association
Originating Lender
Old Plank Trail Community Bank, National Association

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