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Stern Beverage, Inc.

$516,500 PPP Loan in Milan, Illinois

Loan Details

Loan Number
4700407006
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$516,500
Current Approval
$516,500
Forgiveness Amount
$519,401
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Stern Beverage, Inc.
Address
961 Tech Dr. Po Box 828
City
Milan
State
Illinois
ZIP Code
61264-2900
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424820)
Business Age
Existing or more than 2 years old
Jobs Reported
49
Estimated Revenue
$12.6M
Rural/Urban
Urban
Congressional District
IL-17

Loan Use Breakdown

Payroll
$413,168
Rent
$64,988
Mortgage Interest
$38,344

Lender Information

Servicing Lender
Fortress Bank
Originating Lender
Fortress Bank

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