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Towne Machine Tool Company

$255,500 PPP Loan in Danville, Illinois

Loan Details

Loan Number
4407357005
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$255,500
Current Approval
$255,500
Forgiveness Amount
$257,537
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Towne Machine Tool Company
Address
1009 Lynch Raod
City
Danville
State
Illinois
ZIP Code
61834-0685
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-02

Loan Use Breakdown

Payroll
$102,222
Utilities
$70,040
Health Care
$40,418
Mortgage Interest
$42,820

Lender Information

Servicing Lender
The Fisher National Bank
Originating Lender
The Fisher National Bank

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